Latest news with #EastMediterranean
Yahoo
14-05-2025
- Business
- Yahoo
Should You Buy, Hold or Sell ZIM Stock Ahead of Q1 Earnings?
ZIM Integrated Shipping Services ZIM is set to report first-quarter 2025 results on May 19, before the market opens. The EPS estimate for the to-be-reported quarter has been revised 8.3% downward to $1.89 per share over the past 60 days. The bottom-line projection indicates a year-over-year surge of 152%. The Zacks Consensus Estimate for quarterly revenues, currently pegged at $1.73 billion, suggests a year-over-year increase of 11%. Image Source: Zacks Investment Research For 2025, the Zacks Consensus Estimate for ZIM's revenues is pegged at $6.5 billion, implying a contraction of 22.5% year over year. The consensus mark for 2025 EPS is pegged at 85 cents, implying a decline of 95.2% year over year. In the trailing four quarters, this shipping company surpassed EPS estimates on three of the four quarters (missing the mark on the other occasion), with the average earnings surprise being 19.3%. ZIM Integrated Shipping Services price-eps-surprise | ZIM Integrated Shipping Services Quote Our proven model does not predict an earnings beat for ZIM this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. ZIM has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. (See the Zacks Earnings Calendar to stay ahead of market-making news.) You can see the complete list of today's Zacks #1 Rank stocks here. We expect the company's bottom-line performance to have been hit by escalated voyage operating costs. High labor costs are also likely to have been a spoilsport. Geopolitical risks pose operational challenges and might hurt results. An update on the tariff concerns is also expected on the fourth-quarter conference call. We expect an update from the management on the current tariff-related scenario. On a brighter note, continued fleet expansion initiatives are likely to have driven the company's performance. Reduced container availability due to Red Sea tensions is expected to have raised freight costs. This is anticipated to have aided the quarterly performance of ZIM, which provides services to East Mediterranean and Israeli ports. Revenues and carried volumes are expected to have surged due to the disruptions. Lower capacity is anticipated to have boosted earnings. Over the past year, shares of ZIM have lost 8.5%, outperforming the Zacks Transportation - Shipping industry and the Zacks Transportation sector. It has also performed better than fellow industry players Frontline FRO and Seanergy Maritime Holdings SHIP in the same timeframe. Image Source: Zacks Investment Research From a valuation perspective, ZIM is trading relatively cheap. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.32, way below the industry's 1.95. The company has a Value Score of A. ZIM's reading is lower than that of other shipping players like Frontline and Seanergy Maritime Holdings. While Frontline has a Value Score of B, Seanergy Maritime Holdings has a Value Score of A. Image Source: Zacks Investment Research Agreed that ZIM has quite a few factors working in its favor, including its shareholder-friendly approach and attractive valuation. However, the ongoing trade tension does not bode well for ZIM, as the company has significant exposure to both China and the United States. The shipping industry, of which ZIM is an integral part, is being hit by the ongoing trade tensions globally. The industry is responsible for a high majority of goods involved in world trade. Trade-related tensions have the potential to slow down goods transportation. Agreed that tariff woes are showing signs of easing, but in the absence of long-term trade deals, the scenario continues to be uncertain. We can safely conclude that investors should refrain from rushing to buy ZIM, which is facing quite a few challenges, ahead of its earnings release on May 19. Instead, they should monitor the developments of the stock closely for a more appropriate entry point, as an erroneous and hasty decision could affect portfolio gains. ZIM's current Zacks Rank supports our thesis. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Frontline PLC (FRO) : Free Stock Analysis Report Seanergy Maritime Holdings Corp (SHIP) : Free Stock Analysis Report ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Zawya
25-03-2025
- Business
- Zawya
Egypt's Parliament approves EBRD's expansion plans into Sub-Saharan Africa, Iraq
Arab Finance: The House of Representatives agreed upon presidential decision No. 70 of 2025, which approved decisions No. 259 and 260 of the European Bank for Reconstruction and Development's (EBRD) Board of Governors on expanding the bank's operations in sub-Saharan Africa and Iraq, according to an official statement. During its plenary session held on March 24th, the parliament greenlighted EBRD's decisions, which also remove legal restrictions on capital for regular operations. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, noted that the lender's operations expansion reinforces South-South and triangular cooperation between Egypt and these countries. Al-Mashat, Egypt's Governor at the EBRD, highlighted that Egypt is the EBRD's largest country of operations in the South and East Mediterranean region. Since 2012, the bank has supported 194 projects in Egypt with total investments of €13.8 billion, 86% of which are directed to the private sector, equivalent to €11.8 billion. Furthermore, the minister stated that the country's strategic partnership with the EBRD is currently being implemented for the period 2022-2027. This aligns with the state's efforts to achieve comprehensive and sustainable economic growth, accelerate the green transition, increase economic competitiveness, and enhance the business environment for the private sector. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
12-03-2025
- Business
- Yahoo
Buy, Sell or Hold ZIM Stock? Key Insights Ahead of Q4 Earnings
ZIM Integrated Shipping Services Ltd. ZIM is set to report fourth-quarter 2024 results on March 12, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The EPS estimate for the to-be-reported quarter has remained constant at $3.47 per share over the past 60 days. The bottom-line projection indicates a year-over-year surge of 382.1%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year increase of 73.1%. Image Source: Zacks Investment Research For 2025, the Zacks Consensus Estimate for ZIM's revenues is pegged at $7.2 billion, implying a contraction of 13.8% year over year. The consensus mark for 2025 EPS is pegged at $3.19, implying a decline of around 81% on a year-over-year basis. In the trailing four quarters, this shipping company surpassed EPS estimates on three of the four quarters (missing the mark on the other occasion), with the average earnings surprise being 12.6%. ZIM Integrated Shipping Services Ltd. price-eps-surprise | ZIM Integrated Shipping Services Ltd. Quote Our proven model does not predict an earnings beat for ZIM this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. ZIM has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can see the complete list of today's Zacks #1 Rank stocks here. We expect the company's bottom-line performance to have been hit by escalated voyage operating costs. High labor costs are also likely to have been spoilsports. Geopolitical risks pose operational challenges and might hurt results. An update on the tariff concerns is also expected on the fourth-quarter conference call. On a brighter note, continued fleet expansion initiatives are likely to have driven the company's performance. Reduced container availability due to Red Sea tensions is expected to have raised freight costs. This is anticipated to have aided the quarterly performance of ZIM, which provides service to East Mediterranean and Israeli ports. Revenues and carried volumes are expected to have surged due to the disruptions. Lower capacity is anticipated to have boosted earnings. Over the past year, shares of ZIM have surged 79.9%, outperforming the Zacks Transportation - Shipping industry and the Zacks Transportation sector. It has also performed better than fellow industry players Frontline FRO and Seanergy Maritime Holdings SHIP in the same timeframe. Image Source: Zacks Investment Research From a valuation perspective, ZIM is trading relatively cheap. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.34, way below the industry's 2.15. The company has a Value Score of A. Image Source: Zacks Investment Research Agreed that ZIM has quite a few factors working in its favor, including its shareholder-friendly approach and attractive valuation. However, the escalation of trade tension does not bode well for ZIM, as the company has significant exposure to both China and the United States. The shipping industry, of which ZIM is an integral part, is being hit by growing trade tensions globally. The industry is responsible for a high majority of goods involved in world trade. Trade-related tensions have the potential to slow down goods transportation. The Wall Street average target price of $18.34 for ZIM stock suggests a downside of more than 3% from current levels. We can safely conclude that investors should refrain from rushing to buy ZIM, which is facing quite a few challenges, ahead of its earnings release on March 12. Instead, they should monitor the developments pertaining to the stock closely for a more appropriate entry point, as an erroneous and hasty decision could affect portfolio gains. ZIM's current Zacks Rank supports our thesis. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Frontline PLC (FRO) : Free Stock Analysis Report Seanergy Maritime Holdings Corp (SHIP) : Free Stock Analysis Report ZIM Integrated Shipping Services Ltd. (ZIM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Mada
17-02-2025
- Business
- Mada
Egypt, Cyprus ink plans to export Cypriot gas via Egypt in future
Egypt and Cyprus signed off on agreements with Chevron and Eni, the leading partners in two Cypriot natural gas fields, paving the way for the two countries to collaborate on developing the gas resources for export. The Cypriot president described the agreements as 'game changers' for the region. The agreements could support Egypt, which is facing a major energy deficit, to access some additional volumes of imported gas from the Cypriot fields and gain revenue from operating its natural gas facilities, according to a former official from the Egyptian General Petroleum Corporation who took part in the early phase of the negotiations with Cyprus and spoke to Mada Masr. But development at both fields is still pending a final investment decision, energy platform MEES's East Mediterranean editor Peter Stevension told Mada Masr on Monday, anticipating that neither is likely to produce gas before 2027 at the earliest. The first agreement between Egypt and Cyprus concerns the Cronos field. The host country agreement was signed on Monday by Cairo, Nicosia and the head of Eni, the lead partner working the Cypriot concession. Eni's partner in the Cronos field is France's Total Energies. The agreement lays out a framework for the gas to be transferred from the field to processing facilities in the Egyptian Zohr field, which is also operated by Eni, to be transferred from there to the Damietta liquefaction plant in preparation for export, according to a statement published by the company on Monday. Eni also owns a 50 percent stake in the Damietta plant, while the Egyptian government holds the other share via the Natural Gas Holding Company (EGAS), which holds 40 percent. The remaining 10 percent is held by the Egyptian General Petroleum Corporation (EGPC). The Cronos field was discovered in 2022 and is thought to hold around 70 billion cubic meters of gas, although more recent estimates suggest the volumes could be higher. By way of comparison, Egypt's Zohr was initially estimated at around 850 billion cubic meters. Partners at the Cronos field are yet to submit and gain approval for a development plan for the field, Stevenson noted to Mada Masr on Monday, though the Cypriot government is hopeful that the field could start producing by 2027. The second agreement signed on Monday was a memorandum of understanding that laid out a framework for gas from Cyprus's Aphrodite field to be sent to Egypt for processing as well, according to Reuters. Cyprus's government finally gave its agreement on Friday to a development plan for the Aphrodite field, submitted by the consortium at the field which is led by US multinational energy corporation Chevron. The agreement would require an investment worth around US$4 billion and would see the partners dig four wells and build a floating processing station, as well as a subsea pipeline connecting the field to Egypt's liquefaction stations in order to produce around 800 million cubic meters of gas per day. Cyprus's government had previously rejected a development plan submitted by Chevron on the grounds that it would not support the degree of economic benefit the Cypriot government wished for. The earlier plan would've seen a comparatively meager investment of just $198 million dollars, the construction of just one well, and did not support the construction of a floating processing station. Although the development plan has been approved, four or five years will be required to build the necessary infrastructure and begin production, according to an estimate published by the Washington Institute. A final investment decision for the development plan is also required before it can move forward, according to Stevenson, who said that it could be as late as 2031 before the field starts producing gas. Aphrodite is Cyprus's largest gas field and was discovered in 2011, with reserves estimated at around 127 billion cubic meters. The Cypriot government granted development and production rights six years ago to a consortium led by Chevron, with a 35 percent stake, the Dutch Shell, which holds a matching stake, and Israeli company NewMed Energy, which holds 30 percent of the field. A former Petroleum Ministry official speaking to Mada Masr on Monday anticipated that the agreement with Eni would likely support Egypt gaining access to Cypriot gas for domestic use when needed. The former EGPC official likewise considered the agreement as one which would potentially support Egypt's diversification of natural gas sources. Egypt has faced a major natural gas deficiency over recent years, as domestic production has declined in the face of rising domestic consumption. As a result, Egypt's government has introduced rolling cuts nationwide during summer, when demand is high, and has turned to expensive liquid natural markets since 2023 for additional import volumes. Egypt is also largely dependent on regular imports from Israel, which it has agreed to increase over the coming years. The deficit has represented a challenge for Cairo, which announced plans as early as 2018 to become a regional gas hub, signing a $15 billion import agreement with Israel as well as its first framework agreement with Cyprus for a pipeline from Aphrodite at the time. The development of Aphrodite was delayed for years, however, the Petroleum Ministry official noted, mainly due to disputes regarding who would front the investment cost of building the subsea pipeline to connect the field to Egypt to facilitate its export. Egypt's dreams of being a regional export hub rely on building a set of agreements that would support its importing surplus quantities of gas from fields in various countries in the East Mediterranean to supply any production deficit it faces from its own fields. At the same time, the plan was for facilities at Damietta and Idku to support the option of liquefying any surplus for export. The decline in local gas production has had an impact on electricity generation, as last summer saw waves of power outages that extended to 12 hours in some Upper Egypt villages. The government is currently struggling to secure fuel sources that will ensure that the electricity crisis that fueled widespread social unrest last year does not recur.
Times of Oman
16-02-2025
- Health
- Times of Oman
Muscat Oncology Conference discusses latest developments in research, treatment
Muscat: The 15th Muscat International Oncology Conference, which kicked off on Sunday, seeks to discuss the latest developments in the field of oncology research and treatment, in addition to means of enhancing cooperation, knowledge and expertise among oncology specialists. The two-day conference is organised by Oman Cancer Association in cooperation with the Royal Hospital and Sultan Qaboos Comprehensive Cancer Care and Research Centre. The conference includes scholarly lectures and workshops covering various topics in the field of treating various types of cancer. The conference will study the experience of some East Mediterranean countries in the field of decentralisation in cancer treatment. It will look into ways of applying such experiences in Arab societies and how to deal with the high cost of medicines amid rising demand, in addition to treatment strategies for early lung cancer and means of handling complex and rare cases in radiotherapy and urogenital tumours. The opening ceremony was held under the auspices of Dr. Said Harib Al Lamki, Undersecretary of the Ministry of Health for Health Affairs.
