In the latest close session, Grab Holdings Limited (GRAB) was up +2.54% at $3.63. The stock exceeded the S&P 500, which registered a gain of 2.51% for the day. Elsewhere, the Dow gained 2.85%, while the tech-heavy Nasdaq added 2.8%.
Heading into today, shares of the company had lost 8.53% over the past month, lagging the Computer and Technology sector's loss of 0.84% and the S&P 500's loss of 1.66%.
The investment community will be paying close attention to the earnings performance of Grab Holdings Limited in its upcoming release. The company's upcoming EPS is projected at $0.03, signifying a 200.00% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $927.37 million, showing a 19.97% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.09 per share and revenue of $4.08 billion, which would represent changes of +50% and +20.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Grab Holdings Limited. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.56% lower. Currently, Grab Holdings Limited is carrying a Zacks Rank of #3 (Hold).
Investors should also note Grab Holdings Limited's current valuation metrics, including its Forward P/E ratio of 41.65. This expresses a premium compared to the average Forward P/E of 19.14 of its industry.
Meanwhile, GRAB's PEG ratio is currently 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GRAB's industry had an average PEG ratio of 1.06 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Grab Holdings Limited (GRAB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).