In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $129.86, marking a -1.31% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.8%, while the tech-heavy Nasdaq depreciated by 0.1%.
Prior to today's trading, shares of the company had gained 8.25% outpaced the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
The investment community will be closely monitoring the performance of Sea Limited Sponsored ADR in its forthcoming earnings report. On that day, Sea Limited Sponsored ADR is projected to report earnings of $0.91 per share, which would represent year-over-year growth of 46.77%. Alongside, our most recent consensus estimate is anticipating revenue of $6.69 billion, indicating a 34.52% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.54 per share and revenue of $23.28 billion, indicating changes of +110.71% and 0%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Sea Limited Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.33% lower. Currently, Sea Limited Sponsored ADR is carrying a Zacks Rank of #4 (Sell).
Investors should also note Sea Limited Sponsored ADR's current valuation metrics, including its Forward P/E ratio of 23.33. For comparison, its industry has an average Forward P/E of 24.44, which means Sea Limited Sponsored ADR is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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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