Grab (GRAB) Set to Announce Quarterly Earnings on Monday

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

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $664.00 million for 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%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, analysts expect Grab to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grab Trading Down 0.9 %

Shares of GRAB opened at $4.23 on Friday. Grab has a fifty-two week low of $2.90 and a fifty-two week high of $4.44. The company has a market capitalization of $16.59 billion, a PE ratio of -84.60 and a beta of 0.81. The stock has a fifty day moving average of $3.76 and a two-hundred day moving average of $3.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00.

Analysts Set New Price Targets

Several research firms recently commented on GRAB. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Wednesday, September 11th. Daiwa Capital Markets started coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company. Finally, Jefferies Financial Group cut their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $4.70.

Grab Company Profile

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.