Grindrod Shipping Holdings Ltd. (GRIN) Gains As Market Dips: What You Should Know

In the latest trading session, Grindrod Shipping Holdings Ltd. (GRIN) closed at $14.50, marking a +1.61% move from the previous day. This change outpaced the S&P 500’s 0.69% loss on the day.

Click to get this free report

– Zacks

Heading into today, shares of the company had lost 13.88% over the past month, lagging the Transportation sector’s loss of 3.35% and the S&P 500’s loss of 2.58% in that time.

Wall Street will be looking for positivity from GRIN as it approaches its next earnings report date.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.52 per share and revenue of $397.33 million. These totals would mark changes of +493.04% and +42.3%, respectively, from last year.

Any recent changes to analyst estimates for GRIN should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GRIN is currently sporting a Zacks Rank of #1 (Strong Buy).

In terms of valuation, GRIN is currently trading at a Forward P/E ratio of 3.16. Its industry sports an average Forward P/E of 4.75, so we one might conclude that GRIN is trading at a discount comparatively.

The Transportation – Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>



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

 

Grindrod Shipping Holdings Ltd. (GRIN): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
News Related

OTHER NEWS

How to Calculate Cost Increase Percentage

As prices increase on many of the things you use in your day-to-day life, it may become necessary for you to calculate that increase for forecasting or accounting purposes. To ... Read more »

How to Write an Email Asking for Donations

Creating an effective email that solicits contributions requires a tone that creates excitement about your organization. The use of email as a medium for fundraising is increasing because the cost ... Read more »

How to Open a Bank

Banking is a difficult industry to join. However, many community-oriented banks are opening across the country. With careful planning, the task of opening a bank might not be as impossible ... Read more »

Identifying Your Purpose and Values: How to Go Beyond Happiness

Happiness is a tricky thing to master. After all, the joy we feel can be replaced by emotions that grip us even tighter, like fear, uncertainty, anger and doubt. In ... Read more »

Stocks making the biggest moves midday: J.B. Hunt, Charles Schwab, Virgin Galactic, 23andMe and more

Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. J.B. ... Read more »

Norway registered a record trade surplus in September due to high oil and gas prices

High oil and gas prices contributed to Norway having a record trade surplus of NOK 53.7 billion in September. In September, Norway exported goods worth NOK 129.5 billion, an increase ... Read more »

91% of people with health savings accounts make this mistake

The Good Brigade | DigitalVision | Getty Images The vast majority of health savings account owners aren't investing their money — and it's likely shortchanging them over the long term. ... Read more »

Buy any dips in chip stocks, trader says. Here's one name to consider

Semiconductor stocks are worth buying on any weakness, portfolio manager John Petrides told CNBC's “Trading Nation” on Thursday. “My team in particular is in a buy-the-dip mentality for the overall ... Read more »

Does Anxiety Make You Tired And Why?

When you think of anxiety, several scenarios may come to mind: the endless tossing and turning of a restless night, dread over potential future events, pandemic-related overwhelm, or full-blown panic ... Read more »

'Unbelievable!' Couple surprise Dave Ramsey by paying off their two children's mortgage

On a video posted on The Ramsey Show – Highlights YouTube channel in 2018, Dave Ramsey was delighted to speak to the couple about how they were able to pay ... Read more »

Pension savers face ‘catastrophic impact' of interest rates and inflation rises

Sky high inflation rates could mean workers have less money available to contribute towards their retirement savings as the cost of living depletes their pay packets. Alterations to the lifetime ... Read more »

Over 65s 'need appropriate incentives' as Inheritance Tax & Stamp Duty stop 'right-sizing'

It appears pensioners are not being provided with enough options to downsize to a home more suited to them, with low numbers of bungalows and retirement housing being built. The ... Read more »

Martin Lewis says Tesco shoppers can get 'free' money by using their Clubcard

Martin Lewis has revealed Tesco shoppers could get free money from the retailer to spend in-store – but they have to act quickly. The Money Saving Expert founder explained how ... Read more »

Rishi Sunak's pensions plan means Britons face FIVE extra years of work - millions hit

Policy advisers to the Treasury are looking at ways to fund public spending amid record levels of debt due to the pandemic. Later this month the Chancellor will unveil his ... Read more »

Did you blow your budget? Here's how to get back on track

Geber86 | E+ | Getty Images It happens to the best of us — after setting a budget, somehow spending goes off the rails. “It's so easy to do,” said ... Read more »

Social Security benefits are getting biggest boost in 40 years. Here's why it can't always jump so much each year

Don Bayley | Vetta | Getty Images This week's announcement of the highest Social Security cost-of-living adjustment since 1982 was welcome news for retirees. It will help alleviate the financial ... Read more »

Social Security benefits are getting biggest boost in 40 years. Here's why that doesn't happen every year

Don Bayley | Vetta | Getty Images This week's announcement of the highest Social Security cost-of-living adjustment since 1982 was welcome news for retirees. It will help alleviate the financial ... Read more »

Fed's Barkin backs tapering plans and expresses concern about inflation

Richmond Federal Reserve President Thomas Barkin said Friday he's on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation. With the ... Read more »

Michael Burry of ‘The Big Short' asked about shorting crypto days before bitcoin hit $60,000

Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world's largest cryptocurrency hit a six-month high to ... Read more »

Two out of ten Norwegian companies had their corona compensation application rejected

Two out of ten companies had their compensation application rejected during the pandemic. Figures that P4 collected show that the Tax Administration and the Brønnøysund Register Center received 131,294 applications ... Read more »

16 million people 65 and older will be in the workforce by 2030. These are the best and worst states for them to work and live

RUNSTUDIO | The Image Bank | Getty Images The number of older workers in the labor force is expected to swell over the next decade. By 2030, there will be ... Read more »

How to know if actively managed exchange-traded funds are right for your portfolio

MoMo Productions | DigitalVision | Getty Images Exchange-traded funds are often associated with passive strategies. But money has also poured into the actively managed version of ETFs, as investors crave ... Read more »

Stocks making the biggest moves premarket: Moderna, Virgin Galactic, Truist and more

Check out the companies making headlines before the bell: Moderna (MRNA) – Moderna added 3.2% in premarket trading after rising 3.2% yesterday, following an FDA panel recommendation for a booster ... Read more »

Contactless payment rises TODAY but you can set a limit on your card - here's how

The contactless limit is one of very few policies introduced during the pandemic that the Government has kept in place. In early 2020, the increased £45 limit allowed people to ... Read more »

Earn 9pc returns with these little-known savings plans

Advertised returns of more than 9pc should be enough to raise the eyebrows of any saver, but a handful of little-known schemes could offer a safe route to solid profits. ... Read more »

Most investors would dump a stock after an accounting scandal

© Provided by This Is Money MailOnline logo Most investors would dump a stock after an accounting scandal, cyber hack or environmental disaster, new research shows. Financial corruption and human ... Read more »

KDB's W10tr investment in fossil fuels contradicts green pledge: lawmaker

The state-run Korea Development Bank headquarters in Seoul. (Yonhap)The state-run Korea Development Bank extended or guaranteed loans worth a combined 10.3 trillion won ($8.7 billion) for fossil fuel projects in ... Read more »

Fiscal chief voices concerns over US request to share chip info

Deputy Prime Minister and Finance Minister Hong Nam-ki (left) poses with US Treasury Secretary Janet Yellen in Washington on Thursday, Eastern time. (Yonhap)South Korea’s Finance Minister Hong Nam-ki voiced concerns ... Read more »

Central bank chief refutes rumors of government intervention in rate hike

Bank of Korea Gov. Lee Ju-yeol attends a parliamentary audit held at the National Assembly at the National Assembly in Seoul on Friday. (Yonhap)South Korea’s monetary policy chief on Friday ... Read more »

Inside the Government's bold plan to funnel pension funds into infrastructure

When the biggest names in global finance arrive in London next week for the Government’s investment summit, ministers will be focused on convincing the room full of influential attendees to ... Read more »

S. Korea's finance chief voices concerns over US info-sharing request for chipmakers

This photo, provided by the Ministry of Economy and Finance on Friday, shows South Korean Finance Minister Hong Nam-ki (L) shaking hands with US Treasury Secretary Janet Yellen ahead of ... Read more »

Auto exports dip by more than 20% in Sept. amid chip shortage

Electric car charging station in Seoul. (Yonhap)South Korea’s exports of automobiles fell more than 20 percent last month, ending eight months of on-year growth, amid the extended global supply shortage ... Read more »

S. Korea to resume discount coupon program to spur spending

Lee Eog-weon (Yonhap)South Korea plans to resume discount coupon programs aimed at boosting private spending as the country is preparing to move into a phase of “living with COVID-19” in ... Read more »

It Takes a Village: How Blockchain, Crypto and NFTs Ensure Digital Trust

It’s everywhere. Entrepreneurs, businesses and people, in general, are talking about the innovative technology known as blockchain — and buying into its importance. But what exactly is blockchain, and why is it so ... Read more »

Southwest Airlines Is Giving Out Vouchers for Passengers Caught in Cancellation Chaos

The past weekend was a disaster of sorts for Southwest Airlines. The Dallas-based airline has canceled more than 2,000 flights since Saturday, disrupting travel plans for thousands of customers. Now, the ... Read more »

Mark Cuban Heralds Ethereum, Bitcoin

Mark Cuban has some advice for people who are new to investing in cryptocurrency. SOPA Images | Getty Images “As an investment, I think ethereum has the most upside,” he ... Read more »

Cloud Kitchens Entrepreneurs Share New Trends In The Space

Cloud kitchens are today in vogue. As customers prioritize health and hygiene over other things, ordering food seems to be a safer option. And, they do not seem to mind ... Read more »

How the 'Death' of Journalism Means More Accurate News

The internet brought many benefits into our lives, but it also came with new concerns, such as misinformation and fake news. Readers are growing wise to the deceptions out there, ... Read more »

The Rise of Retail Investors as the New Powerhouse Traders

Retail investors are the newest wave on Wall Street. Over the past 12-18 months, “armchair trading” became mainstream. In other words, retail investors who make investment decisions without regard to ... Read more »