Grab Holdings Limited (GRAB) ended the recent trading session at $3.85, demonstrating a -1.28% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.12%.
Coming into today, shares of the company had gained 16.77% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
The investment community will be closely monitoring the performance of Grab Holdings Limited in its forthcoming earnings report. On that day, Grab Holdings Limited is projected to report earnings of $0.01 per share, which would represent no growth from the year-ago period. Alongside, our most recent consensus estimate is anticipating revenue of $1 billion, indicating a 22.29% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.1 per share and a revenue of $4.1 billion, demonstrating changes of +66.67% and +21.61%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Grab Holdings Limited. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.15% higher. At present, Grab Holdings Limited boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Grab Holdings Limited currently has a Forward P/E ratio of 41.05. This represents a premium compared to its industry average Forward P/E of 19.82.
Meanwhile, GRAB's PEG ratio is currently 1.54. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.08.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 83, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Grab Holdings Limited (GRAB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).