Grab Holdings Limited reports results for the quarter ended September 30 - Earnings Summary

• Grab Holdings Limited reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 4 cents per share.

• Revenue rose 27.4% to $1.11 billion from a year ago; analysts expected $1.07 billion.

• Grab Holdings Limited's reported EPS for the quarter was breakeven results​.

• The company reported quarterly net income of $27 million.

• Grab Holdings Limited shares had fallen by 12.9% this quarter and lost 45.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Grab Holdings Limited is $5.55, about 48.5% above its last closing price of $2.86

This summary was machine generated from LSEG data November 2 at 11:48 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)