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Grab Holdings Limited (GRAB) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Grab Holdings Limited (GRAB - Free Report) was down 3.81% at $2.91. This change lagged the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
The company's shares have seen a decrease of 15.64% over the last month, not keeping up with the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of Grab Holdings Limited in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.02, showcasing a 100% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 22.94% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and revenue of $4.17 billion, which would represent changes of +116.67% and +23.75%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Grab Holdings Limited. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. At present, Grab Holdings Limited boasts 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 23.23 right now. This expresses a premium compared to the average Forward P/E of 20.2 of its industry.
Investors should also note that GRAB has a PEG ratio of 0.79 right now. 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. The Internet - Software industry currently had an average PEG ratio of 1.16 as of yesterday's close.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Grab Holdings Limited (GRAB - Free Report) was down 3.81% at $2.91. This change lagged the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.78%.
The company's shares have seen a decrease of 15.64% over the last month, not keeping up with the Computer and Technology sector's loss of 1.27% and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of Grab Holdings Limited in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.02, showcasing a 100% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 22.94% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and revenue of $4.17 billion, which would represent changes of +116.67% and +23.75%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Grab Holdings Limited. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. At present, Grab Holdings Limited boasts 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 23.23 right now. This expresses a premium compared to the average Forward P/E of 20.2 of its industry.
Investors should also note that GRAB has a PEG ratio of 0.79 right now. 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. The Internet - Software industry currently had an average PEG ratio of 1.16 as of yesterday's close.
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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.