In the latest close session, Sea Limited Sponsored ADR (SE) was down 2.43% at $188.00. The stock's change was less than the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 0.52%, and the tech-heavy Nasdaq lost 0.08%.
Prior to today's trading, shares of the company had lost 0.18% lagged the Computer and Technology sector's gain of 7.19% and the S&P 500's gain of 4.03%.
The upcoming earnings release of Sea Limited Sponsored ADR will be of great interest to investors. The company is predicted to post an EPS of $1.11, indicating a 105.56% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.84 billion, showing a 36.81% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.04 per share and revenue of $23.2 billion, indicating changes of +140.48% and +36.97%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Sea Limited Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.34% higher. Sea Limited Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Sea Limited Sponsored ADR currently has a Forward P/E ratio of 47.7. This denotes a premium relative to the industry average Forward P/E of 30.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Sea Limited Sponsored ADR (SE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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