Grab (NASDAQ:GRAB) Announces Earnings Results, Meets Estimates

Grab (NASDAQ:GRAB) released its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, Zacks reports. The business had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. Grab updated its FY 2025 guidance to EPS.

Grab Stock Up 5.9 %

GRAB stock traded up $0.29 on Friday, reaching $5.08. 13,978,890 shares of the company traded hands, compared to its average volume of 35,035,766. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.27. Grab has a one year low of $2.98 and a one year high of $5.72. The company has a market cap of $20.44 billion, a P/E ratio of -253.10, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90.

Analysts Set New Price Targets

A number of brokerages recently commented on GRAB. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a research report on Friday. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Mizuho upped their target price on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average target price of $5.62.

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.