Earnings Calendar (13 May 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.
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