Grab Holdings Limited (GRAB) Stock Sinks As Market Gains: What You Should Know

Grab Holdings Limited (GRAB) closed the most recent trading day at $5.37, moving -1.92% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.78% for the day. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 0.61%. Shares of the company have appreciated by 15.4% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.76%, and the S&P 500's gain of 5.88%.The investment community will be closely monitoring the performance of Grab Holdings Limited in its forthcoming earnings report. The company is expected to report EPS of $0.01, up 200% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $803.19 million, up 20.96% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.05 per share and a revenue of $3.34 billion, signifying shifts of +266.67% and +19.34%, respectively, from the last year. It is also important to note the 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Grab Holdings Limited is currently sporting a Zacks Rank of #3 (Hold). In terms of valuation, Grab Holdings Limited is presently being traded at a Forward P/E ratio of 117.21. This indicates a premium in contrast to its industry's Forward P/E of 29.16. The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 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. Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Should You Invest in Grab Holdings Limited (GRAB)?Before you invest in Grab Holdings Limited (GRAB), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)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