Brokers Set Expectations for SEA’s Q3 Earnings (NYSE:SE)

Sea Limited (NYSE:SE) – Equities researchers at Wedbush lifted their Q3 2024 earnings estimates for SEA in a report released on Monday, November 4th. Wedbush analyst S. Devitt now expects that the Internet company based in Singapore will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.33. Wedbush has a “Outperform” rating and a $105.00 price objective on the stock. The consensus estimate for SEA’s current full-year earnings is $0.64 per share. Wedbush also issued estimates for SEA’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.03 EPS and FY2025 earnings at $2.20 EPS.

Other research analysts also recently issued reports about the company. Benchmark lifted their target price on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. TD Cowen increased their target price on SEA from $64.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Barclays upped their price target on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Finally, Citigroup dropped their price target on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $82.54.

SEA Price Performance

SE stock opened at $95.36 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. SEA has a 1 year low of $34.35 and a 1 year high of $101.93. The firm has a market capitalization of $54.58 billion, a P/E ratio of -272.46 and a beta of 1.52. The business’s 50-day moving average is $90.73 and its two-hundred day moving average is $77.56.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS.

Institutional Trading of SEA

Hedge funds have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton increased its position in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after buying an additional 203 shares during the period. SOA Wealth Advisors LLC. acquired a new position in shares of SEA during the second quarter worth approximately $32,000. Hexagon Capital Partners LLC grew its holdings in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares in the last quarter. Canton Hathaway LLC increased its position in SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after acquiring an additional 200 shares during the period. Finally, GAMMA Investing LLC raised its stake in SEA by 69.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore’s stock valued at $120,000 after acquiring an additional 520 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.