Grab Holdings Limited (GRAB) Advances While Market Declines: Some Information for Investors

Grab Holdings Limited (GRAB) closed at $4.80 in the latest trading session, marking a +0.42% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.33% for the day. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.53%.Coming into today, shares of the company had lost 1.85% in the past month. In that same time, the Computer and Technology sector lost 7.14%, while the S&P 500 lost 4.03%.The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company is forecasted to report an EPS of $0, showcasing a 100% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $760.85 million, indicating a 16.52% upward movement from the same quarter last year.For the full year, the Zacks Consensus Estimates are projecting earnings of $0.05 per share and revenue of $3.34 billion, which would represent changes of +266.67% and +19.57%, respectively, from the prior year.Investors might also notice recent changes to analyst estimates for Grab Holdings Limited. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).In terms of valuation, Grab Holdings Limited is currently trading at a Forward P/E ratio of 102.43. This expresses a premium compared to the average Forward P/E of 27.65 of its industry.The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Grab Holdings Limited (GRAB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks