In the latest trading session, Grab Holdings Limited (GRAB) closed at $4.04, marking a -1.59% move from the previous day. This move lagged the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a drop of 1.61%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Shares of the company witnessed a loss of 2.15% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.64%, and the S&P 500's loss of 0.15%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. On that day, Grab Holdings Limited is projected to report earnings of $0.03 per share, which would represent year-over-year growth of 200%. At the same time, our most recent consensus estimate is projecting a revenue of $927.37 million, reflecting a 19.97% rise from the equivalent quarter last year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.09 per share and revenue of $4.07 billion. These results would represent year-over-year changes of +50% and +20.76%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Grab Holdings Limited. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, there's been a 2.86% rise in the Zacks Consensus EPS estimate. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Grab Holdings Limited is currently trading at a Forward P/E ratio of 45.56. This denotes a premium relative to the industry average Forward P/E of 20.25.
Meanwhile, GRAB's PEG ratio is currently 0.92. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.16.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 136, placing it within the bottom 45% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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