Grab Holdings Limited (GRAB) ended the recent trading session at $4.95, demonstrating a +1.64% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%.
Heading into today, shares of the company had lost 5.8% over the past month, lagging the Computer and Technology sector's gain of 7.88% and the S&P 500's gain of 5.22%.
The investment community will be paying close attention to the earnings performance of Grab Holdings Limited in its upcoming release. On that day, Grab Holdings Limited is projected to report earnings of $0.01 per share, which would represent year-over-year growth of 200%. Meanwhile, the latest consensus estimate predicts the revenue to be $803.19 million, indicating a 20.96% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $0.05 per share and a revenue of $3.34 billion, demonstrating changes of +266.67% and +19.34%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Grab Holdings Limited has a Forward P/E ratio of 104.36 right now. Its industry sports an average Forward P/E of 29.69, 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. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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