Sea Limited Sponsored ADR (SE) ended the recent trading session at $156.74, demonstrating a -4.78% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.53%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, lost 0.93%.
The stock of company has fallen by 11.15% in the past month, lagging the Computer and Technology sector's gain of 1.25% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of Sea Limited Sponsored ADR in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.11, signifying a 105.56% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.84 billion, indicating a 36.81% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.04 per share and revenue of $22.81 billion, indicating changes of +140.48% and +34.67%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Sea Limited Sponsored ADR should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Sea Limited Sponsored ADR is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Sea Limited Sponsored ADR has a Forward P/E ratio of 40.74 right now. Its industry sports an average Forward P/E of 29.31, so one might conclude that Sea Limited Sponsored ADR is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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