ZIM Integrated Shipping Reports Q1 Losses and No Dividend Payment.
ZIM Integrated Shipping Services is expected to report negative earnings for Q1 2023 due to declining shipping rates and weakening consumer demand. Analysts have revised EPS estimates downward for FY 2023, 2024, and 2025, and the company's EBITDA outlook has been downgraded due to an uncertain pricing environment. The biggest risk for ZIM is a potential recession in 2023, which could negatively impact container shipment volumes and average freight rates. Investors should brace for impact and expect new lows, especially if ZIM downgrades its EBITDA outlook.
