Grab Holdings Limited (GRAB) Reports Q2 Loss, Misses Revenue Estimates

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$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]