Earnings of the week 13May24 - is it time to let Grab go?

KYHBKO
05-11

Earnings Calendar (13 May 2024)

r/EarningsWhisper - The Most Anticipated Earnings Releases for the Week of May 13, 2024

In the coming week, there are a few earnings of personal interest: Alibaba, Sea Limited, Grab, Cisco, Walmart, JD and Baidu.

Let us look at Grab in detail.

Observations:

  • Revenue grew from -$845M in 2019 to $2,359M in 2023.

  • Gross profit grew from a loss of $2,165M in 2019 to $860M in 2023.

  • The earnings per share (EPS) is improving over the last 5 years even though it has yet to break even.

Investing has a “Strong Buy” rating for the stock. The price has risen 9.03% from a year ago. Grab stock has been on an uptrend in recent months.

For the coming earnings, the forecast of the EPS and Revenue are -0.009 and $638.16M respectively.

For Grab to generate any interest, breaking even would be an important milestone. Grab was able to declare profit in the last quarter partly due to non-operational sales.

@TigerStars

$Grab Holdings(GRAB)$

$Wal-Mart(WMT)$

Can Grab Bring Surprise This Earnings?
Grab Holdings will report earnings on Wednesday after hours. EPS is expected at -$0.01, an 83.33% rise from last year. Revenue forecasted at $651.42 million, up 24.08% from the previous year. -------------------- What's your target price for Grab?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • bubblyo
    05-11
    bubblyo
    Grab's revenue and gross profit have shown significant growth over the years.
    • KYHBKO
      you are right.
      looking at the free cash flow would reveal how much money is generated from the core business.
  • KSR
    05-13
    KSR
    👍
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