Grab Holdings Limited (GRAB) closed at $4.31 in the latest trading session, marking a +1.17% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Shares of the company have depreciated by 12.88% over the course of the past month, underperforming the Computer and Technology sector's loss of 1.09%, and the S&P 500's loss of 0%.
The investment community will be paying close attention to the earnings performance of Grab Holdings Limited in its upcoming release. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $933.37 million, indicating a 22.17% upward movement from the same quarter last year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.04 per share and revenue of $3.41 billion. These results would represent year-over-year changes of +233.33% and +21.85%, respectively.
Investors should also note any recent changes to analyst estimates for Grab Holdings Limited. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.85% higher within the past month. Currently, Grab Holdings Limited is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Grab Holdings Limited is currently being traded at a Forward P/E ratio of 47.33. This expresses a premium compared to the average Forward P/E of 20.13 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 36% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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