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Grab Holdings Limited (GRAB) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.17, marking a +2.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.66%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The company's stock has dropped by 9.94% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
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 $0.02 per share, which would represent year-over-year growth of 100%. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 22.94% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.13 per share and a revenue of $4.17 billion, signifying shifts of +116.67% and +23.75%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Grab Holdings Limited currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Grab Holdings Limited is currently trading at a Forward P/E ratio of 23.69. This indicates a premium in contrast to its industry's Forward P/E of 19.59.
Investors should also note that GRAB has a PEG ratio of 0.81 right now. 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. The Internet - Software was holding an average PEG ratio of 1.17 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Grab Holdings Limited (GRAB) Outperforms Broader Market: What You Need to Know
In the latest trading session, Grab Holdings Limited (GRAB - Free Report) closed at $3.17, marking a +2.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.66%. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.
The company's stock has dropped by 9.94% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
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 $0.02 per share, which would represent year-over-year growth of 100%. Alongside, our most recent consensus estimate is anticipating revenue of $1.07 billion, indicating a 22.94% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.13 per share and a revenue of $4.17 billion, signifying shifts of +116.67% and +23.75%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Grab Holdings Limited currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Grab Holdings Limited is currently trading at a Forward P/E ratio of 23.69. This indicates a premium in contrast to its industry's Forward P/E of 19.59.
Investors should also note that GRAB has a PEG ratio of 0.81 right now. 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. The Internet - Software was holding an average PEG ratio of 1.17 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.