In the latest close session, Sea Limited Sponsored ADR (SE) was down 3.67% at $121.90. This change lagged the S&P 500's daily loss of 0.13%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.72%.
The stock of company has fallen by 0.8% in the past month, lagging the Computer and Technology sector's gain of 1.88% and the S&P 500's gain of 0.78%.
Market participants will be closely following the financial results of Sea Limited Sponsored ADR in its upcoming release. The company is expected to report EPS of $0.91, up 46.77% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $6.69 billion, showing a 34.52% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.54 per share and a revenue of $23.28 billion, demonstrating changes of +110.71% and 0%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Sea Limited Sponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Sea Limited Sponsored ADR presently features a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Sea Limited Sponsored ADR is currently being traded at a Forward P/E ratio of 22.44. For comparison, its industry has an average Forward P/E of 23.25, 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. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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