Sea Limited Sponsored ADR (SE) closed at $87.57 in the last trading session, marking a +0.7% move from the previous day. The stock topped the S&P 500’s 0.16% daily loss. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today’s session, the company’s shares had gained 13.67% over the past month. This outpaced the IT & Technology sector’s gain of 12.8% and the S&P 500’s gain of 8.67% during this period.
Wall Street will be looking for positivity from the Sea Limited-sponsored ADR closer to its next earnings report date. That is expected to be August 16, 2022. The company is expected to report EPS of -$0.92, down 50.82% from the prior year quarter. Our most recent consensus estimate calls for quarterly revenue of $3.05 billion, up 25.02% from the prior year period.
Zacks’ full-year consensus estimates for SE call for earnings of -$2.86 per share and revenue of $13.25 billion. These results would represent year-over-year variations of +3.38% and +29.53%, respectively.
Any recent changes in analyst estimates for Sea Limited Sponsored ADR should also be noted by investors. Recent revisions tend to reflect the latest short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. Over the past few months, the Zacks Consensus EPS estimate has fallen 1.62%. Sea Limited Sponsored ADR currently holds a Zacks rank of #3 (Hold).
The Internet – Software industry is part of the IT and technology sector. This industry currently has a Zacks Industry Rank of 159, which places it in the bottom 37% of all 250+ industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.
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