Sea Limited Sponsored ADR (SE) closed the most recent trading day at $105.00, moving +1.65% from the previous trading session. This change outpaced the S&P 500's 0.72% gain on the day. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Heading into today, shares of the company had gained 19.34% over the past month, outpacing the Computer and Technology sector's loss of 6.12% and the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of Sea Limited Sponsored ADR in its upcoming release. The company's upcoming EPS is projected at $1, signifying a 17.65% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.34 billion, up 36.82% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.15 per share and a revenue of $30.72 billion, indicating changes of +26.14% and +30.84%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Sea Limited Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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, the Zacks Consensus EPS estimate has moved 2.86% lower. Sea Limited Sponsored ADR currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Sea Limited Sponsored ADR is currently trading at a Forward P/E ratio of 24.92. This expresses a premium compared to the average Forward P/E of 19.82 of its industry.
Also, we should mention that SE has a PEG ratio of 0.86. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.08.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).