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Grab Holdings Limited (GRAB) Exceeds Market Returns: Some Facts to Consider
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Grab Holdings Limited (GRAB - Free Report) ended the recent trading session at $6.36, demonstrating a +1.44% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.58%.
The stock of company has risen by 18.53% in the past month, leading the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results 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 no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $874.84 million, up 22.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $3.4 billion, which would represent changes of +266.67% and +21.65%, respectively, from the prior year.
Investors should also pay attention to any latest changes in 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.69% higher within the past month. Grab Holdings Limited is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Grab Holdings Limited's current valuation metrics, including its Forward P/E ratio of 134.36. For comparison, its industry has an average Forward P/E of 29.68, which means Grab Holdings Limited is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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) Exceeds Market Returns: Some Facts to Consider
Grab Holdings Limited (GRAB - Free Report) ended the recent trading session at $6.36, demonstrating a +1.44% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.58%.
The stock of company has risen by 18.53% in the past month, leading the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results 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 no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $874.84 million, up 22.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $3.4 billion, which would represent changes of +266.67% and +21.65%, respectively, from the prior year.
Investors should also pay attention to any latest changes in 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.69% higher within the past month. Grab Holdings Limited is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Grab Holdings Limited's current valuation metrics, including its Forward P/E ratio of 134.36. For comparison, its industry has an average Forward P/E of 29.68, which means Grab Holdings Limited is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 85, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.