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Grab Holdings Limited (GRAB) Declines More Than Market: Some Information for Investors
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In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.73, marking a -2.36% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 1.47%.
The stock of company has risen by 10.73% in the past month, leading the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.01, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 22.29% growth compared to the corresponding quarter of the prior year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.1 per share and revenue of $4.09 billion. These results would represent year-over-year changes of +66.67% and +21.45%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Grab Holdings Limited. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 18.18% higher. As of now, Grab Holdings Limited holds a Zacks Rank of #3 (Hold).
In the context of valuation, Grab Holdings Limited is at present trading with a Forward P/E ratio of 39.18. Its industry sports an average Forward P/E of 20.31, so one might conclude that Grab Holdings Limited is trading at a premium comparatively.
We can additionally observe that GRAB currently boasts a PEG ratio of 1.47. 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 1.07.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% 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.
View the Zacks #1 Rank List
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Grab Holdings Limited (GRAB) Declines More Than Market: Some Information for Investors
In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.73, marking a -2.36% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.51%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 1.47%.
The stock of company has risen by 10.73% in the past month, leading the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.01, reflecting no change from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1 billion, indicating a 22.29% growth compared to the corresponding quarter of the prior year.
GRAB's full-year Zacks Consensus Estimates are calling for earnings of $0.1 per share and revenue of $4.09 billion. These results would represent year-over-year changes of +66.67% and +21.45%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Grab Holdings Limited. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 18.18% higher. As of now, Grab Holdings Limited holds a Zacks Rank of #3 (Hold).
In the context of valuation, Grab Holdings Limited is at present trading with a Forward P/E ratio of 39.18. Its industry sports an average Forward P/E of 20.31, so one might conclude that Grab Holdings Limited is trading at a premium comparatively.
We can additionally observe that GRAB currently boasts a PEG ratio of 1.47. 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 1.07.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% 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.