IIn the last trading session, the ADR sponsored by Sea Limited (SE) closed at $ 234.90, marking a movement of -0.66% from the previous day. This change was smaller than the S&P 500’s 1.44% gain on the day.
Prior to today, the company’s shares had gained 2.91% in the past month, behind the financial sector’s 3.25% gain and the S&P 500’s 6.26% gain during this period.
SE will seek to show strength as the next publication of its results approaches. In this report, analysts expect SE to post earnings of $ 0.39 per share. This would represent a growth of 25% year over year. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 2.07 billion, up 126.34% from the previous year.
For the full year, our consensus estimates from Zacks suggest analysts expect earnings of $ -1.08 per share and revenue of $ 9.82 billion. These totals would mark changes of + 61.15% and + 67.22%, respectively, from a year ago.
Investors should also note any recent changes in analyst estimates for SE. Recent revisions tend to reflect the latest short-term business trends. Thus, the positive estimate revisions reflect the optimism of analysts about the business and profitability of the company.
Based on our research, we believe that these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperformance, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has increased by 31.85%. SE currently sports a Zacks rank of 5 (strong sell).
The Finance – Investment funds sector is part of the Finance sector. This group has a Zacks Industry Rank of 195, which places it in the lowest 24% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.