SEA (NYSE:SE) Releases Quarterly Earnings Results, Misses Expectations By $0.35 EPS

SEA (NYSE:SE) issued its quarterly earnings data on Tuesday. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35), Briefing.com reports. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.47% and a net margin of 0.64%. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.26) EPS.

SEA Stock Performance

NYSE:SE opened at $104.88 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. SEA has a fifty-two week low of $34.35 and a fifty-two week high of $117.52. The stock has a market cap of $60.03 billion, a PE ratio of 699.20 and a beta of 1.52. The firm’s fifty day simple moving average is $92.92 and its 200-day simple moving average is $78.88.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SE. TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Wedbush restated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, 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 research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $87.69.

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.