What Awaits ZIM Integrated Shipping (ZIM) in Q3 Earnings?
Zacks Investment Research | Nov 11, 2021 12:56AM ET
ZIM Integrated Shipping Services ODFL third-quarter 2021 earnings per share of $2.47 outpaced the Zacks Consensus Estimate by 10 cents. The bottom line surged 44.4% year over year. This upside was driven by an improvement in the operating ratio (operating expenses as a percentage of revenues) on the back of higher revenues.
Revenues at Old Dominion, currently a Zacks #2 Ranked stock, came in at $1400 million, surpassing the Zacks Consensus Estimate of $1,360.3 million and increasing 32.3% year over year. The uptick was backed by a 13.7% increase in LTL (Less-Than-Truckload) tons and a 15.7% rise in LTL revenue per hundredweight. Shares of Old Dominion have jumped 74.9% over the past year.
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