SEA (NYSE:SE) Issues Earnings Results, Misses Expectations By $0.40 EPS

SEA (NYSE:SEGet Free Report) announced its quarterly earnings data on Tuesday. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.40), RTT News reports. SEA had a return on equity of 2.54% and a net margin of 1.27%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 22.8% on a year-over-year basis.

SEA Stock Performance

NYSE:SE opened at $66.26 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $58.76 and its two-hundred day moving average price is $46.94. The stock has a market cap of $37.92 billion, a P/E ratio of 276.08 and a beta of 1.43. SEA has a twelve month low of $34.35 and a twelve month high of $88.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SE shares. Morgan Stanley upgraded SEA from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. HSBC lifted their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and upped their price target for the company from $62.00 to $70.00 in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.21.

Check Out Our Latest Stock Report on SEA

SEA Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for SEA (NYSE:SE)

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