Streetbeat News

GRAB

Grab Holdings Limited

https://www.grab.com/sg

Industry

Software - Application

Grab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.

Open

4.96

Mkt cap

21B

Volume

97M

High

5.54

P/E Ratio

-273.00

52-wk high

5.54

Low

4.94

Div yield

N/A

52-wk low

2.90

Grab Holdings (NASDAQ:GRAB) reported Q1 EPS of $(0.03), an improvement from $(0.06) YoY, and sales of $653M, beating the $636.8M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:15 am

Benchmark analyst Fawne Jiang reiterates a Buy rating on Grab Holdings (GRAB) with a maintained price target of $6.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:07 pm

HSBC analyst Piyush Choudhary has reiterated a Buy rating on Grab Holdings (NASDAQ:GRAB) and maintained a price target of $4.3. This reaffirmation of confidence in Grab's stock suggests a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:03 pm

Grab Holdings Limited (NASDAQ:GRAB) reported a 30% year-on-year revenue growth for Q4 fiscal 2023, surpassing consensus estimates. EPS also beat expectations. Despite these positive results, the stock price declined post-announcement. The company announced its first share buyback program of up to $500 million but provided a FY24 revenue outlook that fell short of consensus estimates, leading to cautious investor reaction.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 1:07 pm

Grab's shares declined following the announcement of its Q4 results, which were accompanied by a revenue outlook for FY24 that fell below expectations. Additionally, the company announced a $500 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:24 am

Grab's Board of Directors has authorized a $500 million stock buyback program for its Class A ordinary shares. The repurchases may occur through various methods depending on market conditions and will be funded with excess cash. The program's terms and size may be adjusted periodically.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:17 am

Grab Holdings has revised its FY24 revenue outlook to $2.70B - $2.75B, down from $2.80B, with an expected YoY growth of 14% - 17%. The adjusted EBITDA forecast is between $180M - $200M. This guidance is subject to change.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:16 am

Grab Holdings reported a Q4 GMV of $5.44B, up 9% Y/Y, with On-Demand GMV at $4.122B, a 17% increase. MTUs grew to 37.7M, up 12%. Revenue rose 30% to $653M, and the company turned a profit of $11M compared to a loss of $391M in the previous year. Adjusted EBITDA was $35M, improving from a $111M loss, and adjusted free cash flow was positive at $1M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:15 am

Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the $(0.01) estimate, marking a 200% beat and a 110% increase from last year's $(0.10) per share loss. Quarterly sales reached $653M, exceeding the $628.98M estimate by 3.82% and showing a 30.08% increase from the previous year's $502M.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:13 am

Grab Holdings (NASDAQ:GRAB) reported Q4 GAAP EPS of $0.01, surpassing the analyst consensus estimate of $(0.01) by 200%. This represents a significant improvement from a loss of $(0.10) per share in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 11:10 am

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