Grab Holdings Limited (GRAB) ended the recent trading session at $6.05, demonstrating a +2.54% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
Coming into today, shares of the company had gained 19.92% in the past month. In that same time, the Computer and Technology sector gained 8.78%, while the S&P 500 gained 3.94%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's upcoming EPS is projected at $0.01, signifying steadiness compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $874.84 million, showing a 22.18% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.05 per share and revenue of $3.39 billion. These totals would mark changes of +266.67% and +21.36%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Grab Holdings Limited. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.69% upward. Grab Holdings Limited is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Grab Holdings Limited is holding a Forward P/E ratio of 126.43. This represents a premium compared to its industry average Forward P/E of 29.57.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Grab Holdings Limited (GRAB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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