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 ...

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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 ...

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]