Grab (US:GRAB) ZACKS·2024-10-10 23:08Company Performance - Grab Holdings Limited's stock closed at $3.63, reflecting a -0.82% change from the previous day, underperforming the S&P 500's loss of 0.21% [1] - Over the past month, Grab's shares have increased by 6.09%, outperforming the Business Services sector's gain of 4% and the S&P 500's gain of 5.94% [1] Earnings Projections - Grab Holdings is expected to report earnings of $0 per share, indicating a year-over-year growth of 100% [2] - The consensus estimate for revenue is projected at $705.4 million, representing a 14.7% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at -$0.04 per share and revenue at $2.75 billion, showing increases of +63.64% and +16.52% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Grab Holdings are important as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] - The Zacks Rank system, which considers estimate changes, currently ranks Grab Holdings at 3 (Hold) [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 80, placing it in the top 32% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]