Sea Limited Sponsored ADR (SE) closed the most recent trading day at $151.11, moving +1.1% from the previous trading session. This change outpaced the S&P 500's 0.79% loss on the day. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%.
Coming into today, shares of the company had lost 9.75% in the past month. In that same time, the Computer and Technology sector gained 7.88%, while the S&P 500 gained 5.22%.
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 $1.03, up 123.91% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.08 billion, showing a 30.05% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.23 per share and a revenue of $22.37 billion, signifying shifts of +151.79% and +32.02%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Sea Limited Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Sea Limited Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Sea Limited Sponsored ADR is at present trading with a Forward P/E ratio of 35.36. This signifies a premium in comparison to the average Forward P/E of 29.69 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 44, finds itself in the top 18% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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