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

Sea Limited (NYSE:SE) – Wedbush raised their Q3 2024 earnings per share (EPS) 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 earn $0.42 per share for the quarter, up from their prior 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.

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

Several other research firms have also issued reports on SE. Citigroup reduced their target price on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. 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. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Benchmark increased their target price on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average target price of $82.54.

SEA Stock Up 0.4 %

SE opened at $95.71 on Thursday. SEA has a 1-year low of $34.35 and a 1-year high of $101.93. The stock’s fifty day simple moving average is $91.10 and its 200 day simple moving average is $77.68. 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 stock has a market cap of $54.78 billion, a PE ratio of -273.46 and a beta of 1.52.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after purchasing an additional 180 shares in the last quarter. Canton Hathaway LLC boosted its stake in SEA by 20.0% during 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 purchasing an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of 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 acquiring an additional 203 shares during the period. Gulf International Bank UK Ltd grew its holdings in shares of SEA by 0.7% in 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 acquiring an additional 213 shares during the period. Finally, Parallel Advisors LLC grew its holdings 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 worth $362,000 after acquiring an additional 250 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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.