2023-05-15 12:50:38 ET
- Sea ( NYSE: SE ) is scheduled to announce Q1 earnings results on Tuesday, May 16th, before market open.
- The consensus EPS Estimate is $0.73 (+191.3% Y/Y) and the consensus Revenue Estimate is $3.03B (+4.5% Y/Y).
- Over the last 2 years, SE has beaten EPS estimates 63% of the time and has beaten revenue estimates 88% of the time.
- Over the last 3 months, EPS estimates have seen 3 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 1 downward.
- Recent Analysts rating :
- Benchmark initiated coverage on the stock with a Buy rating and $105 price target. Benchmark positive view is based on its belief that growth of Shopee and SeaMoney should continue to benefit from favorable structural factors and the "impressive delivery of profitability" in Q4, which it notes was one year ahead of its guided timeline.
- UBS analyst Navin Killa downgraded the stock to Neutral from Buy and cut the price target to $92 from $105. The analyst says competition is increasing in e-commerce and that the SE has no conviction on a gaming recovery and is trading at premium valuation to peers despite slower near-term growth and competition headwinds.
- So far this year, stock has gained about 65% and outperformed the broader market index:
- Recent earnings Analysis from our contributors: Sea Limited: It's Time To Brace For Impact
For further details see:
Sea Q1 2023 Earnings Preview: What to expect