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 ...

Kokkai Ng Introduction Grab (NASDAQ:GRAB), the so-called Uber (UBER) of Southeast Asia, has been trading range-bound between $2 and $4 for nearly two years now. However, the stock is quietly up 11% YTD as it approaches a key resistance level. Short-term bulls might consider taking profits while bears might argue that Grab stock is pretty much dead money at these levels. Meanwhile, I make the investment case that Grab stock is still a sleeping giant with so much more upside potential ahead. That said, here a ...

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 ...

Alicia Yap - Citigroup Pang Vitt - Goldman Sachs Ian Peterson - Evercore Piyush Choudhary - HSBC Singapore Jiong Shao - Barclays Ranjan Sharma - JPMorgan I will now turn it over to Douglas Eu to start the call. Good day, everyone, and welcome to GrabÂ's first quarter 2024 earnings call. IÂ'm Douglas Eu, Director of Investor Relations and Strategic Finance [ph] at Grab. And joining me today are Anthony Tan, Chief Executive Officer; Alex Hungate, Chief Operating Officer; and Peter Oey, Chief Financial Officer ...

Earnings Call 2 Forward-Looking Statements Grab's unaudited selected financial data for the three months ended March 31, 2024 and 2023 included in this document and the investor webcast is based on financial data derived from Grab's management accounts that have not been reviewed or audited. 3 However, there are a number of limitations related to the use of non-IFRS financial measures, and as such, the presentation of these non-IFRS financial measures should not be considered in isolation from, or as an alt ...

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 ...