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

SEA (NYSE:SE) announced its earnings results on Tuesday. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35), Briefing.com reports. SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis.

SEA Price Performance

Shares of SE opened at $103.32 on Friday. The stock has a market cap of $59.13 billion, a P/E ratio of 688.80 and a beta of 1.52. The business’s fifty day moving average is $93.42 and its 200 day moving average is $79.05. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. SEA has a 12-month low of $34.35 and a 12-month high of $117.52.

Wall Street Analyst Weigh In

Several brokerages recently commented 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. Bank of America increased their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Company Profile

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.