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Why Grab Holdings Limited (GRAB) Dipped More Than Broader Market Today
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Grab Holdings Limited (GRAB - Free Report) closed at $2.98 in the latest trading session, marking a -5.4% move from the prior day. This change lagged the S&P 500's 0.02% loss on the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
Heading into today, shares of the company had gained 4.3% over the past month, outpacing the Computer and Technology sector's gain of 3.58% and the S&P 500's gain of 2.05%.
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 $0.02, reflecting a 100% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.07 billion, up 22.94% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.14 per share and a revenue of $4.22 billion, signifying shifts of +133.33% and +25.3%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 9.62% higher within the past month. Grab Holdings Limited is currently a Zacks Rank #3 (Hold).
In the context of valuation, Grab Holdings Limited is at present trading with a Forward P/E ratio of 22.1. This denotes a premium relative to the industry average Forward P/E of 20.7.
We can additionally observe that GRAB currently boasts a PEG ratio of 0.55. 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 1.19 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Why Grab Holdings Limited (GRAB) Dipped More Than Broader Market Today
Grab Holdings Limited (GRAB - Free Report) closed at $2.98 in the latest trading session, marking a -5.4% move from the prior day. This change lagged the S&P 500's 0.02% loss on the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.15%.
Heading into today, shares of the company had gained 4.3% over the past month, outpacing the Computer and Technology sector's gain of 3.58% and the S&P 500's gain of 2.05%.
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 $0.02, reflecting a 100% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.07 billion, up 22.94% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.14 per share and a revenue of $4.22 billion, signifying shifts of +133.33% and +25.3%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 9.62% higher within the past month. Grab Holdings Limited is currently a Zacks Rank #3 (Hold).
In the context of valuation, Grab Holdings Limited is at present trading with a Forward P/E ratio of 22.1. This denotes a premium relative to the industry average Forward P/E of 20.7.
We can additionally observe that GRAB currently boasts a PEG ratio of 0.55. 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 1.19 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.