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Grab Holdings Limited (GRAB) is Attracting Investor Attention: Here is What You Should Know
GRABGrab (GRAB) zacks.com·2024-05-28 14:01

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 0.01pershare,reflectinga+66.70.01 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,showinga+666.70.06, 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 2.75billionand2.75 billion and 3.16 billion, indicating changes of +16.4% and +15%, respectively [8] Last Reported Results and Surprise History - Grab reported revenues of 653millioninthelastquarter,a+24.4653 million in the last quarter, a +24.4% year-over-year change, with an EPS of -0.03 compared to -0.06ayearago[9]ThereportedrevenueswerebelowtheZacksConsensusEstimateof0.06 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]