Grab (GRAB) to Release Earnings on Thursday

Grab (NASDAQ:GRAB - Get Free Report) is anticipated to announce its Q4 2024 earnings results after the market closes on Thursday, February 20th. Analysts expect Grab to post earnings of $0.01 per share and revenue of $762.57 million for the quarter. Grab has set its FY 2025 guidance at EPS.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. On average, analysts expect Grab to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grab Price Performance

Grab stock traded up $0.05 during trading on Friday, reaching $4.84. The company had a trading volume of 41,623,680 shares, compared to its average volume of 35,832,102. The firm's 50-day simple moving average is $4.77 and its 200 day simple moving average is $4.27. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a market capitalization of $19.47 billion, a PE ratio of -240.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Analysts Set New Price Targets

GRAB has been the topic of several research analyst reports. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Barclays upped their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a report on Friday. Benchmark restated a "buy" rating and set a $6.00 price target on shares of Grab in a research note on Thursday. Finally, Evercore ISI increased their price objective on Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grab currently has an average rating of "Moderate Buy" and an average target price of $5.62.

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.