Sea Limited Sponsored ADR (SE) closed at $111.14 in the latest trading session, marking a +1.86% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.29%.
Heading into today, shares of the company had gained 27.33% over the past month, outpacing the Computer and Technology sector's gain of 0.85% and the S&P 500's gain of 2.2%.
Market participants will be closely following the financial results of Sea Limited Sponsored ADR in its upcoming release. The company is forecasted to report an EPS of $1, showcasing a 17.65% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $7.34 billion, up 36.82% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.15 per share and revenue of $30.72 billion. These totals would mark changes of +26.14% and +30.84%, respectively, from last year.
Any recent changes to analyst estimates for Sea Limited Sponsored ADR should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 is currently a Zacks Rank #3 (Hold).
Looking at valuation, Sea Limited Sponsored ADR is presently trading at a Forward P/E ratio of 26.32. This expresses a premium compared to the average Forward P/E of 19.73 of its industry.
Also, we should mention that SE has a PEG ratio of 0.82. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 92, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Sea Limited Sponsored ADR (SE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).