These Analysts Lower Their Forecasts On Sea After Weak Q2 Results
Portfolio Pulse from Lisa Levin
Sea Limited (NYSE:SE) reported lower than expected Q2 results, with a revenue growth of 5.2% YoY to $3.096 billion, missing the consensus of $3.420 billion. Adjusted EPS of $0.54 also missed the consensus of $0.69. Following the announcement, Sea shares fell 28.7% to close at $40.58 on Tuesday. Analysts from B of A Securities, Bernstein, and Citigroup have lowered their price targets on Sea.
August 16, 2023 | 12:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sea Limited's Q2 results were below expectations, leading to a significant drop in share price and lowered price targets from several analysts.
Sea Limited's lower than expected Q2 results have led to a significant drop in its share price. This negative financial performance is likely to impact investor confidence, leading to potential further short-term price decreases. Additionally, lowered price targets from analysts at B of A Securities, Bernstein, and Citigroup further indicate a negative short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100