Grab Holdings Limited (GRAB) closed the most recent trading day at $4.51, moving +2.97% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 2.06%. Meanwhile, the Dow lost 1.76%, and the Nasdaq, a tech-heavy index, lost 2.39%.
The company's stock has dropped by 15.44% in the past month, falling short of the Computer and Technology sector's gain of 1.71% and the S&P 500's gain of 1.63%.
Investors will be eagerly watching for the performance of Grab Holdings Limited in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $933.37 million, showing a 22.17% escalation compared to the year-ago quarter.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.04 per share and revenue of $3.4 billion. These results would represent year-over-year changes of +233.33% and 0%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Grab Holdings Limited. These revisions help to show the ever-changing nature of near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 moved 3.85% higher. Grab Holdings Limited is currently a Zacks Rank #4 (Sell).
In terms of valuation, Grab Holdings Limited is presently being traded at a Forward P/E ratio of 48.67. Its industry sports an average Forward P/E of 23.4, so one might conclude that Grab Holdings Limited is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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