Core Viewpoint - Grab Holdings Limited reported a quarterly loss of $0.01 per share, aligning with the Zacks Consensus Estimate, and showing improvement from a loss of $0.03 per share a year ago [1] - The company posted revenues of $664 million for the quarter ended June 2024, which was 2.40% below the Zacks Consensus Estimate, but an increase from $567 million year-over-year [2] Financial Performance - The company has surpassed consensus EPS estimates only once in the last four quarters [1] - Grab's revenue performance has exceeded consensus estimates twice in the last four quarters [2] Market Performance - Grab shares have not appreciated since the beginning of the year, contrasting with the S&P 500's gain of 14.4% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $700.71 million, and for the current fiscal year, it is -$0.03 on revenues of $2.74 billion [7] - The outlook for the Technology Services industry, where Grab operates, is currently in the top 35% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]

• Revenue grew 17% year-over-year, or 23% on a constant currency basis to $664 million • On-Demand GMV grew 13% year-over-year, or 18% on a constant currency basis to $4.4 billion • Operating Loss improved by $121 million year-over-year to $(56) million • Adjusted EBITDA improved by $81 million year-over-year to $64 million SINGAPORE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the second quarter ended June 30, 2024. "We continued to ...

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Company Overview - Grab Holdings Limited (GRAB) is projected to report earnings of -$0.03 per share and revenue of $2.74 billion for the full year, reflecting year-over-year changes of +72.73% in earnings and +16.28% in revenue [1] - The company's stock closed at $3.38, unchanged from the previous trading session, outperforming the S&P 500's daily loss of 0.16% [3] - Over the past month, shares of Grab have decreased by 4.25%, underperforming the Business Services sector's gain of 0.9% and the S&P 500's gain of 1.96% [6] Financial Performance - Upcoming financial results for Grab are anticipated to show earnings per share (EPS) of -$0.01, which would represent a 66.67% increase from the same quarter last year [9] - The consensus estimate for quarterly revenue is $675.09 million, indicating a 19.06% increase from the year-ago period [9] Industry Context - The Technology Services industry, part of the Business Services sector, currently holds a Zacks Industry Rank of 95, placing it within the top 38% of over 250 industries [2] - The Zacks Rank system, which evaluates individual industry groups, shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8] Analyst Insights - Recent adjustments to analyst estimates for Grab often reflect changes in short-term business dynamics, with positive revisions seen as a favorable indicator for the company's outlook [7] - The Zacks Rank for Grab Holdings Limited is currently 3 (Hold), with a noted 300% fall in the Zacks Consensus EPS estimate over the past month [10]

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the "Company" or "Grab"), plans to announce its unaudited second quarter 2024 results before the U.S. market opens on August 15, 2024. About Grab For enquiries, please contact: Investors: investor.relations@grab.com Media: press@grab.com A link to the call will be posted on the Company's investor relations website at investors.grab.com prior to the call time. Following the call, a replay of the call, along with the earnings pre ...

Grab Holdings Limited (GRAB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Over the past month, shares of this company have r ...

Group 1: Investment Opportunities - Low-priced stocks under $10 present a compelling opportunity for traders and investors aiming to maximize returns with modest outlay [1] - Investors can identify stocks with substantial growth potential through meticulous market analysis, which can diversify portfolios with high-potential, low-cost assets [2] Group 2: SoundHound AI (SOUN) - SoundHound AI's stock has a price-to-sales (P/S) ratio of 40.21, indicating market expectations for significant future growth [4] - Analysts have set an average price target of $7.50 for SOUN, representing a 20.97% increase from its last trading price of $6.20, giving it a 'strong buy' rating [4][10] - The company raised its low-end revenue guidance for the full year to $77 million from $65 million, reflecting positive growth expectations [11] - SoundHound AI has a market capitalization of $2.04 billion and reported revenue of $50.76 million over the last twelve months, with a gross profit of $15.26 million [11] Group 3: Grab Holdings (GRAB) - Grab Holdings operates in the ride-hailing and third-party delivery market, a global growth industry [5] - In the first quarter, Grab's revenue increased by 24% year-over-year, with adjusted EBITDA reaching a record $62 million [6] - Grab's on-demand gross merchandise value (GMV) surged 21% on a constant currency basis, indicating strong transaction growth [13] - The company has revised its profit outlook for the full year, now forecasting EBITDA between $250 million and $270 million, up from $180 million to $200 million [13] - Grab has a market capitalization of $14.18 billion and reported revenue of $1.43 billion over the last twelve months, with a gross profit of $988 million [13] - Analysts have set an average price target of $4.66 for GRAB, representing a 29.09% increase from its last trading price of $3.61, also giving it a 'strong buy' rating [16][17]

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries. Shares of the company have depreciated by 1.92% over the course of the p ...

Grab currently has an average brokerage recommendation (ABR) of 1.03, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.03 approximates between Strong Buy and Buy. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms a ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Grab Holdings Limited (GRAB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Grab currently has an averag ...