Grab (GRAB) Set to Announce Earnings on Monday

Grab (NASDAQ:GRAB - Get Free Report) is scheduled to announce its earnings results 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). The firm 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 business's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last 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

GRAB traded up $0.02 during mid-day trading on Monday, reaching $4.09. 11,220,409 shares of the company traded hands, compared to its average volume of 23,511,258. The stock has a market capitalization of $16.05 billion, a P/E ratio of -81.80 and a beta of 0.81. Grab has a 52-week low of $2.90 and a 52-week high of $4.32. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $3.66 and its 200-day moving average price is $3.55.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Daiwa Capital Markets assumed coverage on Grab in a report on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 target price on the stock. Benchmark restated a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group dropped their price target on shares of Grab from $5.00 to $4.70 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grab has an average rating of "Buy" and a consensus 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.