Sea Limited Sponsored ADR (SE) closed the latest trading day at $125.28, indicating a +1.85% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.67% for the day. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the company had gained 13.58% over the past month, outpacing the Computer and Technology sector's loss of 0.79% and the S&P 500's gain of 2.07% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Sea Limited Sponsored ADR in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.80, showcasing an 8100% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.74 billion, up 33.14% from the prior-year quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sea Limited Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. Currently, Sea Limited Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sea Limited Sponsored ADR has a Forward P/E ratio of 30.4 right now. Its industry sports an average Forward P/E of 30.68, so one might conclude that Sea Limited Sponsored ADR is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 28% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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