Grab Holdings Limited (GRAB) closed at $4.99 in the latest trading session, marking a -1.58% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.74% for the day. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.76%.
Shares of the company witnessed a loss of 3.61% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.14%, and the S&P 500's gain of 0.79%.
The investment community will be paying close attention to the earnings performance of Grab Holdings Limited in its upcoming release. It is anticipated that the company will report an EPS of -$0.01, marking a 200% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $935.49 million, indicating a 22.45% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.04 per share and revenue of $3.4 billion, indicating changes of +233.33% and +21.58%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Grab Holdings Limited. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Grab Holdings Limited is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, Grab Holdings Limited currently has a Forward P/E ratio of 126.75. This expresses a premium compared to the average Forward P/E of 28.86 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 51, this industry ranks in the top 21% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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