Grab (NASDAQ:GRAB) Announces Quarterly Earnings Results

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

Grab Price Performance

Shares of GRAB opened at $4.90 on Friday. The company has a market capitalization of $19.73 billion, a P/E ratio of -245.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $4.76 and a 200 day moving average of $4.28. Grab has a twelve month low of $2.98 and a twelve month high of $5.72.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GRAB. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and raised their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Evercore ISI raised their target price on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Two equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.