Maersk Earnings Miss Driven By Ocean Unit, Guidance Also Disappoints -- Market Talk

0914 GMT - Maersk third-quarter underlying Ebitda landed 11% below consensus, driven by a miss in the ocean unit, while the guidance upgrade fell short of expectations, J.P. Morgan analysts write. The ocean unit Ebitda came in 16% below expectations as volumes fell 1% on year, the bank says. Maersk also delivered another guidance upgrade, but that was also weaker than expected following strong upgrades recently from peers Hapag-Lloyd and ZIM, the analysts add. "We expect the shares to be down strongly this morning given the miss to 3Q26 and much lower guidance upgrade than the market expected based on the strong spot freight rate trends which appear not to have converted into Maersk unit revenues." J.P. Morgan rates Maersk stock at underweight with a 12,000 Danish kroner price target. Shares fall 9.1% to 20,190 kroner. (dominic.chopping@wsj.com)

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November 05, 2026 04:15 ET (09:15 GMT)