Grab Q1 2022 Earnings Preview: Betting the % change in closing price to win!

Dear mooers,

Place your Bet on Grab's percentage change in closing price (i.e.+3%) of May 19 ET by 3:00 PM, May 19 ET. The mooer with the closest bet will win 300 points!

Grab Holdings Q1 2022 Earnings Conference Call is to be released on May 19 prior to the opening of U.S. markets! The consensus estimate for revenue is expected at $137 million, indicating a nearly 12.3% QoQ growth. The EPS is estimated at -$0.109 for Q1 2022.

As the Southeast Asia’s leading superapp, Grab operates across the deliveries, mobility and digital financial services in eight countries of the Southeast Asia. During the Q1 quarter, Grab has completed the acquisition of a majority stake in Jaya Grocer, which is a leading supermarket in Malaysia. The two companies plan to work together to bring the convenience of on-demand grocery delivery. Besides, Grab also announces a regional partnership with Starbucks to enhance the Customers Experience in Southeast Asia. Customers can also earn more Starbucks rewards through an integrated loyalty program on orders.

It seems Grab reaches its milestone although the stock price plunged dramatically from the beginning of 2022. Will the downward tendency continue? Is there a turning point for Grab? We may need to find it in the earnings report.

Therefore, the upcoming earnings result can explain a lot of situations while also creating trading opportunities!

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