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Grab Holdings Limited (GRAB) Flat As Market Gains: What You Should Know
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The latest trading session saw Grab Holdings Limited (GRAB - Free Report) ending at $4.17, denoting no adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.78%.
The company's stock has climbed by 9.74% in the past month, exceeding the Business Services sector's gain of 2.81% and the S&P 500's gain of 1.67%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings report is expected on November 11, 2024. In that report, analysts expect Grab Holdings Limited to post earnings of $0 per share. This would mark year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $705.4 million, up 14.7% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $2.75 billion. These totals would mark changes of +63.64% and +16.52%, respectively, from last 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 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Grab Holdings Limited (GRAB) Flat As Market Gains: What You Should Know
The latest trading session saw Grab Holdings Limited (GRAB - Free Report) ending at $4.17, denoting no adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.16%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.78%.
The company's stock has climbed by 9.74% in the past month, exceeding the Business Services sector's gain of 2.81% and the S&P 500's gain of 1.67%.
The upcoming earnings release of Grab Holdings Limited will be of great interest to investors. The company's earnings report is expected on November 11, 2024. In that report, analysts expect Grab Holdings Limited to post earnings of $0 per share. This would mark year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $705.4 million, up 14.7% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.04 per share and revenue of $2.75 billion. These totals would mark changes of +63.64% and +16.52%, respectively, from last 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 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Grab Holdings Limited possesses a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.