Shares of ZIM Integrated Shipping Services (ZIM) sailed higher on Wednesday after the company shrugged off worries about declining global trade

ZIM Integrated Shipping (NYSE:ZIM) -6.8% in Thursday's trading, tumbling more than 10% in two days since reporting Q4 and full-year results; Q4 earnings of $4.66/share easily exceeded estimates, due to 2% higher volumes and 7% higher freight rates.

ZIM Integrated Shipping Services Ltd. ZIM reported better-than-expected fourth-quarter 2024 earnings and revenues. Earnings and revenues surpassed the Zacks Consensus Estimate by 34.3% and 3.9%, respectively.

ZIM Integrated Shipping Services' stock tanked despite Q4 results. The analyst maintains hold rating, cites cash position and cost structure.

Jefferies Financial Group reiterated their hold rating on shares of ZIM Integrated Shipping Services (NYSE:ZIM – Free Report) in a research report sent to investors on Wednesday morning,Benzinga reports.

ZIM Integrated Shipping exceeded Q4'24 earnings estimates, driven by strong shipping rates and volume growth. See why I continue to rate ZIM stock a buy.