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Grab Holdings Limited (GRAB) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.04, marking a -6.46% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 0.64%.
Coming into today, shares of the company had lost 13.1% in the past month. In that same time, the Computer and Technology sector gained 0.4%, while the S&P 500 lost 0.97%.
The investment community will be closely monitoring the performance of Grab Holdings Limited in its forthcoming earnings report. In that report, analysts expect Grab Holdings Limited to post earnings of $0.02 per share. This would mark year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.07 billion, up 22.94% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.13 per share and a revenue of $4.17 billion, indicating changes of +116.67% and +23.75%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Grab Holdings Limited. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Grab Holdings Limited currently has 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 25 right now. This signifies a premium in comparison to the average Forward P/E of 20.07 for its industry.
One should further note that GRAB currently holds a PEG ratio of 0.85. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GRAB's industry had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Grab Holdings Limited (GRAB) Dips More Than Broader Market: What You Should Know
In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.04, marking a -6.46% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.48% for the day. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 0.64%.
Coming into today, shares of the company had lost 13.1% in the past month. In that same time, the Computer and Technology sector gained 0.4%, while the S&P 500 lost 0.97%.
The investment community will be closely monitoring the performance of Grab Holdings Limited in its forthcoming earnings report. In that report, analysts expect Grab Holdings Limited to post earnings of $0.02 per share. This would mark year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.07 billion, up 22.94% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.13 per share and a revenue of $4.17 billion, indicating changes of +116.67% and +23.75%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Grab Holdings Limited. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Grab Holdings Limited currently has 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 25 right now. This signifies a premium in comparison to the average Forward P/E of 20.07 for its industry.
One should further note that GRAB currently holds a PEG ratio of 0.85. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GRAB's industry had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.