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The most recent trading session ended with Sea Limited Sponsored ADR (SE) standing at $100.52, reflecting a +1.14% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a drop of 0.33%, and the technology-dominated Nasdaq saw an increase of 0.76%.
Heading into today, shares of the company had gained 5.79% over the past month, outpacing the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% in that time.
Investors will be eagerly watching for the performance of Sea Limited Sponsored ADR in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.57, showcasing an 850% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.12 billion, indicating a 19.31% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2 per share and a revenue of $16.32 billion, representing changes of +47.06% and +25.67%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Sea Limited Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.78% decrease. Sea Limited Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Sea Limited Sponsored ADR is holding a Forward P/E ratio of 49.82. Its industry sports an average Forward P/E of 31.81, so one might conclude that Sea Limited Sponsored ADR is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.