Grab Holdings Limited (NASDAQ:GRAB) Expected to Announce Earnings of -$0.11 Per Share

Wall Street analysts expect Grab Holdings Limited (NASDAQ:GRAB-Get Rating) to report ($0.11) earnings per share (EPS) for the current quarter,Zacksreports. Two analysts have made estimates for Grab's earnings. Grab reported earnings of $3.45 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 103.2%. The firm is expected to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Grab will report full year earnings of ($0.38) per share for the current financial year, with EPS estimates ranging from ($0.38) to ($0.37). For the next year, analysts forecast that the business will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.29) to ($0.23). Zacks' earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Grab.

A number of analysts have recently weighed in on GRAB shares. DBS Vickers lowered Grab from a "buy" rating to a "hold" rating and set a $5.60 target price for the company. in a research note on Thursday, February 24th. Jefferies Financial Group assumed coverage on Grab in a report on Thursday, December 30th. They set a "buy" rating and a $10.50 target price on the stock. Morgan Stanley began coverage on Grab in a report on Monday, January 24th. They set an "overweight" rating and a $8.40 target price on the stock. Sanford C. Bernstein began coverage on Grab in a report on Tuesday, April 19th.

They set a "market perform" rating on the stock. Finally,Zacks Investment Researchupgraded Grab from a "sell" rating to a "hold" rating in a research note on Thursday, March 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Grab has an average rating of "Hold" and an average target price of $7.50.

Large investors have recently made changes to their positions in the business. SB Investment Advisers UK Ltd. purchased a new position in shares of Grab during the fourth quarter valued at approximately $4,985,119,000. Mufg Bank LTD. bought a new position in Grab during the 4th quarter valued at $1,373,168,000. Capital Research Global Investors bought a new position in Grab during the 4th quarter valued at $504,301,000. Invesco Ltd. bought a new position in Grab during the 4th quarter valued at $317,176,000. Finally, Capital International Investors bought a new position in Grab during the 4th quarter valued at $131,126,000. Institutional investors and hedge funds own 31.43% of the company's stock.

Shares ofNASDAQ GRABopened at $2.86 on Friday. The firm's fifty day moving average is $3.71. Grab has a 52-week low of $2.63 and a 52-week high of $13.29.$Grab Holdings(GRAB)$