In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $122.83, marking a +1.4% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.55% for the day. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 0.91%.
Shares of the company witnessed a loss of 4.06% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 0.04%, and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of Sea Limited Sponsored ADR in its upcoming earnings disclosure. In that report, analysts expect Sea Limited Sponsored ADR to post earnings of $0.91 per share. This would mark 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.54 per share and revenue of $23.28 billion, which would represent changes of +110.71% and 0%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sea Limited Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sea Limited Sponsored ADR is currently a Zacks Rank #5 (Strong Sell).
With respect to valuation, Sea Limited Sponsored ADR is currently being traded at a Forward P/E ratio of 21.48. This represents a discount compared to its industry average Forward P/E of 23.12.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 73, positioning it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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