Sea Limited (NYSE: SE ), a Singapore-based company that owns the Shopee e-commerce site, is seeing its stock surge over 10% this morning after reporting earnings. Sea reported net income of $331 million, 54 cents per share fully diluted, on revenue of $3.1 billion for the three months ending in June.
Sea Limited (SE) reportedly increases the commissions it charges merchants by approximately a third since the beginning of the year in several key markets.
Although the revenue and EPS for Sea Limited (SE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Sea Limited (SE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Sea Limited stock has rallied 80% YTD, limiting upside and increasing risk due to competition, making it less attractive for short-term investors. The company's triple-sided growth in digital financial services, e-commerce, and digital entertainment segments in Southeast Asia shows strong potential for long-term growth. Valuation driven by multiples expansion rather than intrinsic growth, with the possibility for correction to bring multiples back to more moderate levels.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Sea Limited (SE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF)said it would assess its North Sea developments when the full extent of tax changes and allowances proposed by Chancellor Rachel Reeves are published in the Budget on 30 October. The Greater Buchan Area joint venture, which includes JOG, will carefully consider the impact of the tax changes on the economics of the development and project sanction, said the statement.
Sea Limited Sponsored ADR (SE) concluded the recent trading session at $65.34, signifying a +1.93% move from its prior day's close.
In the latest trading session, Sea Limited Sponsored ADR (SE) closed at $67.47, marking a -1.29% move from the previous day.
The theme of oil and gas majors exiting the North Sea and independents stepping in to occupy the space is continuing unabated, with the latest example coming from the Dutch sector of the ageing and tax burdened hydrocarbon basin.
Zacks.com users have recently been watching Sea Limited (SE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.