2023-03-06 13:16:59 ET
Sea ( NYSE: SE ) is scheduled to announce Q4 earnings results on Tuesday, March 7th, before market open.
The consensus EPS Estimate is -$0.55 (+37.5% Y/Y) and the consensus Revenue Estimate is $3.05B (-5.3% Y/Y).
Over the last 3 months, EPS estimates have seen 2 upward revisions and 2 downward. Revenue estimates have seen 1 upward revision and 3 downward.
Early in 2022 Bank of America downgraded the Singapore-based tech firm on worries over a near-term disappointment in both its e-commerce and gaming businesses and that Sea will "struggle to balance revenue growth with profitability".
Sea Limited ( SE ) was the communication sector's second-worst big performer in 2022, sliding 77%, and it was trailed closely by Roblox ( RBLX ), falling 72%.
The company reported third-quarter results that handily surpassed expectations, althought it lowered its full-year bookings outlook.
JR Research cautioned that while Sea's rebound seems imminent, growth in 2023 may be hit by a sharp slowdown in the Southeast Asia economy. All eyes will be on the management plans to combat the worsening macroeconomic environment this year.
Over the last 2 years, SE has beaten EPS estimates 38% of the time and has beaten revenue estimates 88% of the time.
For further details see:
Sea Q4 2022 earnings preview: All eyes on guidance for year ahead