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Grab Holdings Limited (GRAB) Advances While Market Declines: Some Information for Investors
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Grab Holdings Limited (GRAB - Free Report) closed at $3.55 in the latest trading session, marking a +2.6% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.05%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Shares of the company witnessed a loss of 2.26% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.81%, and underperforming the S&P 500's loss of 1.42%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $983.25 million, indicating a 20.05% growth compared to the corresponding quarter of the prior year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.08 per share and revenue of $4.09 billion. These results would represent year-over-year changes of +33.33% and +21.39%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Grab Holdings Limited is presently trading at a Forward P/E ratio of 41.94. For comparison, its industry has an average Forward P/E of 17.83, which means Grab Holdings Limited is trading at a premium to the group.
It is also worth noting that GRAB currently has a PEG ratio of 1.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 0.99.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 36% of over 250 industries.
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.
To follow GRAB in the coming trading sessions, be sure to utilize Zacks.com.
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Grab Holdings Limited (GRAB) Advances While Market Declines: Some Information for Investors
Grab Holdings Limited (GRAB - Free Report) closed at $3.55 in the latest trading session, marking a +2.6% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.05%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Shares of the company witnessed a loss of 2.26% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.81%, and underperforming the S&P 500's loss of 1.42%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $983.25 million, indicating a 20.05% growth compared to the corresponding quarter of the prior year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.08 per share and revenue of $4.09 billion. These results would represent year-over-year changes of +33.33% and +21.39%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Grab Holdings Limited is presently trading at a Forward P/E ratio of 41.94. For comparison, its industry has an average Forward P/E of 17.83, which means Grab Holdings Limited is trading at a premium to the group.
It is also worth noting that GRAB currently has a PEG ratio of 1.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 0.99.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 36% of over 250 industries.
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.
To follow GRAB in the coming trading sessions, be sure to utilize Zacks.com.