Q3 Earnings Estimate for SEA Issued By Wedbush (NYSE:SE)

Sea Limited (NYSE:SE) – Equities researchers at Wedbush upped their Q3 2024 earnings per share estimates for shares of SEA in a research report issued to clients and investors on Monday, November 4th. Wedbush analyst S. Devitt now anticipates that the Internet company based in Singapore will post earnings per share of $0.42 for the quarter, up from their previous estimate of $0.33. Wedbush currently has a “Outperform” rating and a $105.00 target price on the stock. The consensus estimate for SEA’s current full-year earnings is $0.77 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.

A number of other research analysts have also recently issued reports on SE. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. TD Cowen upped their price objective on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Benchmark lifted their price target on shares of SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Barclays increased their target price on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Finally, Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.54.

SEA Price Performance

SEA stock opened at $93.53 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $53.53 billion, a P/E ratio of -267.23 and a beta of 1.52. The business has a 50-day moving average of $91.40 and a 200-day moving average of $77.92. SEA has a 1 year low of $34.35 and a 1 year high of $101.93.

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

Institutional Investors Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in SE. Sequoia Financial Advisors LLC grew its position in shares of SEA by 6.2% in the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock valued at $290,000 after purchasing an additional 180 shares during the last quarter. Canton Hathaway LLC grew its holdings 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 buying an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in SEA by 213.7% during the 3rd 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. Gulf International Bank UK Ltd lifted its holdings in shares of SEA by 0.7% during the second quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock worth $2,068,000 after buying an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of SEA by 5.2% in the second quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock valued at $362,000 after acquiring an additional 250 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.