Grab (GRAB) Scheduled to Post Earnings on Monday

Grab (NASDAQ:GRAB) will release its earnings data after the market closes on Monday, November 11th. Grab has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($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 Trading Down 0.9 %

Shares of GRAB opened at $4.23 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.00 and a quick ratio of 2.97. Grab has a 12 month low of $2.90 and a 12 month high of $4.44. The stock has a market cap of $16.59 billion, a PE ratio of -84.60 and a beta of 0.81. The stock’s 50-day moving average is $3.76 and its two-hundred day moving average is $3.57.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Daiwa Capital Markets started coverage on Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target 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 for the company in a research note on Wednesday, July 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Wednesday, September 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Grab presently has a consensus rating of “Buy” and an average 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.