Grab Shares Lagged Its Industry as Earnings Estimates Stayed Flat
Grab lost 9.9% over the past month, while analyst earnings estimates remained unchanged and sales forecasts pointed to growth.
Key takeaways
- Grab shares returned -9.9% over the past month, while its industry gained 12.7%.
- The consensus estimate for current-quarter earnings per share remained at $0.02 over the past 30 days.
Grab shares returned -9.9% over the past month, compared with a 0.6% gain for the Zacks S&P 500 composite and a 12.7% rise for the Zacks Internet - Software industry.
Analysts’ consensus forecast puts Grab’s current-quarter earnings at $0.02 per share, up 100% from a year earlier. The estimate was unchanged over the past 30 days. Current-quarter revenue is forecast at $1.07 billion, a 22.9% year-over-year increase.
In its last reported quarter, Grab posted $997 million in revenue, up 21.7% year over year, and earnings of $0.06 per share, compared with $0.01 a year earlier. Revenue came in 0.45% below the Zacks consensus estimate; earnings were 500% above it.
This article was produced with the help of AI technology. Source: Yahoo Finance
