In the latest trading session, Grab Holdings Limited (GRAB) closed at $5.08, marking a -3.61% move from the previous day. This change lagged the S&P 500's daily loss of 0.34%. Elsewhere, the Dow saw a downswing of 0.94%, while the tech-heavy Nasdaq appreciated by 0.16%.
Heading into today, shares of the company had gained 2.33% over the past month, outpacing the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19%.
Analysts and investors alike will be keeping a close eye on the performance of Grab Holdings Limited in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.01, signifying a 200.00% drop 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 0%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Right now, Grab Holdings Limited possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Grab Holdings Limited is at present trading with a Forward P/E ratio of 60.81. This valuation marks a premium compared to its industry average Forward P/E of 25.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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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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