Grab (NASDAQ:GRAB) Posts Quarterly Earnings Results, Hits Estimates

Key Points

• Grab reported quarterly earnings of $0.01 EPS, meeting analysts' expectations and generating $819 million in revenue, surpassing estimates of $809.41 million.
• After posting earnings, Grab shares dipped to $4.80 during Friday trading, with a market cap of $19.33 billion and a P/E ratio of 240.12.
• Several analysts maintain a generally positive outlook on Grab, with an average price target of $5.82 and a mix of ratings including two holds, eight buys, and one strong buy.

Grab (NASDAQ:GRAB - Get Free Report) posted its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01, Zacks reports. Grab had a net margin of 0.82% and a return on equity of 0.38%. The firm had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab updated its FY 2025 guidance to EPS.

Grab Price Performance

Shares of Grab stock traded down $0.09 during trading hours on Friday, reaching $4.80. 39,657,416 shares of the company's stock were exchanged, compared to its average volume of 39,305,112. Grab has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a market capitalization of $19.33 billion, a P/E ratio of 240.12 and a beta of 0.84. The business has a fifty day moving average of $4.95 and a two-hundred day moving average of $4.73. The company has a quick ratio of 2.46, a current ratio of 2.49 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Grab

A number of large investors have recently modified their holdings of GRAB. Integrated Wealth Concepts LLC grew its holdings in shares of Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company's stock worth $160,000 after buying an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company's stock worth $41,817,000 after buying an additional 529,433 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Grab during the first quarter worth $63,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GRAB shares. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5.82.

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.

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