Post #64 by DTB on the Falling Knives board

Investment Strategies / Falling Knives

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No. of Recommendations: 3

Annual analysts' earnings estimates:
Dec 2022
38.19

Dec 2023
2.91

Dec 2024
-3.34

ZIM really is a falling knife as far as future earnings are concerned. If however, someone believes that analysts' estimates are wrong and they have a good reason to think so, then backing up the truck will make sense to them.

Ok, that all makes sense, but how on earth can analysts justify an estimate of negative earnings 12-24 months from now? I guess they are pricing in a recession, and Zim has not typically been profitable in the last 10 years, so a return to a baseline of non-profitability does make some sense. This one probably belongs in my 'too hard' pile.

dtb

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