Grab (GRAB) ZACKS·2024-07-23 23:06Company Overview - Grab Holdings Limited (GRAB) is projected to report earnings 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]