Why Zim Integrated Shipping Stock Was Crushing It This Week

Container logistics company Zim Integrated Shipping Services (NYSE: ZIM) continues to benefit from high demand for its services, and lately investors have been here for it. The company's stock was notching double-digit gains over the past few days, with a more than 11% rise in price week to date as of Friday early morning, according to data compiled by S&P Global Market Intelligence. An encouraging earnings report was the major reason why, and a new analyst note from a Zim bull didn't hurt either.Zim got the jump on the stock trading week by posting its second-quarter figures before market open on Monday. The quarter was an all-around solid one for the container shipper. On the back of a nearly 11% year-over-year rise in carried volume, the company managed to crank its revenue almost 48% higher to $1.93 billion. Net income also saw a sprightly lift, improving by 46% to $19 million. Both headline numbers easily topped the average analyst estimates. Most investors are forward-thinking, so for nearly any type of publicly traded company forward expectations matter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool