Eli Glickman, ZIM President & CEO, stated, “Also contributing to our strong Q3 was a decision we made earlier in the year to increase our exposure to spot volumes in the Transpacific trade. A key differentiator for ZIM is our commercial agility and we intend to continue to leverage this strength to capitalize on market opportunities moving forward. Based on results that have exceeded expectations to date and improved outlook for the Q4, we have increased our FY24 guidance and today forecast full year Adjusted EBITDA between $3.3B-$3.6B and Adjusted EBIT between $2.15B-$2.45B.”
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZIM:
- Options Volatility and Implied Earnings Moves This Week, November 18 – November 21, 2024
- ZIM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- ZIM Integrated Shipping Services put volume heavy and directionally bearish
- ZIM Integrated Shipping Announces Annual Shareholder Meeting
- ZIM Integrated price target raised to $13.90 from $12.30 at Barclays