Grab (NASDAQ:GRAB) Issues Quarterly Earnings Results

Grab (NASDAQ:GRAB) released its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, Zacks reports. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. During the same quarter last year, the business posted ($0.02) EPS.

Grab Stock Performance

NASDAQ GRAB opened at $4.89 on Thursday. The company has a market capitalization of $19.18 billion, a PE ratio of -244.50 and a beta of 0.81. 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 1 year low of $2.90 and a 1 year high of $4.93. The company has a fifty day moving average of $3.84 and a two-hundred day moving average of $3.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GRAB shares. Daiwa Capital Markets initiated coverage on shares of Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. Evercore ISI upped their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group cut 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. JPMorgan Chase & Co. raised their price target on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Grab in a report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $5.48.

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.