Core Viewpoint - Grab Holdings Limited (GRAB) has shown a stock performance of +4.6% over the past month, outperforming the Zacks S&P 500 composite's +4.2% and the Zacks Technology Services industry's +5.4% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Grab is a loss of $0.01 per share, reflecting a +66.7% change from the previous year [4] - The consensus earnings estimate for the current fiscal year is -$0.01, indicating a year-over-year change of +90.9%, with a significant revision of -200% over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $0.06, showing a +666.7% change from the previous year [5] - Grab holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [6] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $659.8 million, representing a year-over-year change of +16.4% [8] - The revenue estimates for the current and next fiscal years are $2.75 billion and $3.16 billion, indicating changes of +16.4% and +15%, respectively [8] Last Reported Results and Surprise History - Grab reported revenues of $653 million in the last quarter, a +24.4% year-over-year change, with an EPS of -$0.03 compared to -$0.06 a year ago [9] - The reported revenues were below the Zacks Consensus Estimate of $662.48 million, resulting in a surprise of -1.43% [9] - Over the last four quarters, Grab surpassed EPS estimates once and topped revenue estimates three times [10] Valuation - Grab is graded D on the Zacks Value Style Score, indicating it is trading at a premium to its peers [14]

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? 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. Check price target ...

Core Insights - Grab Holdings Ltd. operates a super app platform in Southeast Asia, providing ride-hailing, delivery, and financial services, leveraging the network effect to enhance customer loyalty and cross-selling opportunities [1][2][3] Financial Performance - In Q1 2024, Grab reported a revenue increase of 24.4% year-over-year, reaching $653 million, although it fell short of the $673 million consensus estimates [6] - The company narrowed its operating loss to $75 million, a $129 million improvement from the previous year, and achieved a record adjusted EBITDA of $62 million, also a $129 million improvement [6] - Grab's liquidity at the end of the quarter stood at $5.3 billion, with $5 billion in cash [6] Segment Growth - The Deliveries segment saw a revenue rise of 19% year-over-year to $350 million, driven by strong food delivery demand [7] - The Mobility segment's revenues increased by 27% year-over-year to $247 million, attributed to higher domestic and tourist travel [7] - Financial Services experienced a significant revenue growth of 53% year-over-year to $55 million, fueled by increased lending through GrabFin and Digibank services [7] Guidance and Future Outlook - Grab reaffirmed its full-year 2024 revenue guidance of $2.70 billion to $2.75 billion, slightly below the $2.74 billion consensus estimates [8] - The company raised its adjusted EBITDA guidance for the full year 2024 to $250 million to $270 million, up from the previous estimate of $180 million to $200 million [8] User Engagement - Grab's monthly transacting users (MTUs) grew by 16% year-over-year to 38.5 million in Q1 2024, reflecting the effectiveness of its loyalty programs and promotions [3][4] - The company continues to enhance user experience and convenience through its integrated super app model, fostering customer retention and engagement [3][4] CEO Commentary - CEO Anthony Tan highlighted the success of product-led growth strategies, noting that On-Demand GMV is reaching new highs despite typical seasonal impacts [9] - The focus on affordability and reliability is attracting more users to the platform, increasing order frequency and partner earnings [9]

In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean super app Grab reported earnings results Wednesday (May 15), announcing a record adjusted core profit and raising its annual forecast. On a call with analysts, the company cited its "relentless" efforts to cut costs, as well as the impact of artificial intelligence in optimizing its operations. "We continue to exe ...

Exhibit 99.1 Grab Reports First Quarter 2024 Results SINGAPORE, May 16, 2024 - Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2024. "Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite of the seasonal impact we usually see in the first quarter of the year. Our push on affordability and reliability is pulling more people onto our platform and driving up order frequency. We also continue to s ...

SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2024. "Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite of the seasonal impact we usually see in the first quarter of the year. Our push on affordability and reliability is pulling more people onto our platform and driving up order frequency. We also continue to see our partner earnings trending up ...

Core Insights - Grab Holdings Limited reported strong financial results for Q1 2024, highlighting a focus on product-led growth and profitability improvements [2][7][10] Financial Performance - Revenue increased by 24% year-over-year to $653 million, or 29% on a constant currency basis [7][10] - On-Demand GMV grew by 18% year-over-year to $4.2 billion, with a 21% increase on a constant currency basis [7][10] - Adjusted EBITDA reached an all-time high of $62 million, improving by $129 million year-over-year [7][10] - Operating loss improved to $(75) million, a $129 million improvement from the previous year [7][10] Operational Highlights - Monthly Transacting Users (MTUs) increased to 38.5 million, up 16% year-over-year [6] - On-Demand MTUs rose by 19% year-over-year to 34.4 million [6] - Total incentives for the quarter were $416 million, with On-Demand incentives as a percentage of GMV reducing to 9.7% from 10.7% year-over-year [7][10] Segment Performance - Deliveries segment revenue grew by 19% year-over-year to $350 million, with GMV increasing by 13% to $2.7 billion [11][13] - Mobility segment revenue rose by 27% year-over-year to $247 million, with GMV increasing by 27% to $1.5 billion [16] - Financial Services revenue grew by 53% year-over-year to $55 million, driven by lending contributions [17][22] Strategic Changes - Grab has made changes to its segment reporting structure, now categorizing its operations into Deliveries, Mobility, Financial Services, and Others [3][4][37] - The company has discontinued reporting GMV for its Financial Services segment to focus on ecosystem transactions [4][38] Business Outlook - For FY 2024, Grab expects revenue between $2.70 billion and $2.75 billion, maintaining a growth rate of 14% to 17% year-over-year [10]

Following the Fed's recent upbeat remarks, the bulls are charging out, parading their rosy stock market forecasts. Hence, given the positive cues from the Fed, it might be an excellent time to wager on the best penny stocks to buy. The bull case for a more aggressive approach to investing in the stock market is based on several factors. First, Fed chair Jerome Powell stated that the institution's next move will unlikely be a rate hike. Second, we're coming off an incredibly encouraging first quarter (Q1) of ...

Grab Holdings Limited (GRAB) ended the recent trading session at $3.50, demonstrating no swing from the preceding day's closing price. Elsewhere, the Dow gained 0.44%, while the tech-heavy Nasdaq lost 0.18%.The the stock of company has risen by 6.38% in the past month, leading the Business Services sector's loss of 1.96% and the S&P 500's loss of 0.22%.The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings report is expected on May 15, 2024. The ...

Grab Holdings Limited (GRAB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Technology Services industry, to which Grab belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although media report ...