Grab (GRAB) to Release Quarterly Earnings on Monday

Grab (NASDAQ:GRAB) is scheduled to post its quarterly earnings results after the market closes on Monday, November 11th. Grab has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Grab (NASDAQ:GRAB) last announced its earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. Grab’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) EPS. On average, analysts expect Grab to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grab Stock Performance

Shares of GRAB stock opened at $4.07 on Monday. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of -81.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The company has a 50-day simple moving average of $3.66 and a 200 day simple moving average of $3.54. Grab has a 52 week low of $2.90 and a 52 week high of $4.32.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Daiwa Capital Markets initiated coverage on shares of Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective for the company. Jefferies Financial Group decreased their target price on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $4.70.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.