Top Wall Street Forecasters Revamp Sea Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Sea Limited (NYSE:SE) is set to release its Q2 earnings on Aug. 13, 2024. Analysts expect earnings of 18 cents per share, down from 54 cents a year ago, with revenue projected at $3.72 billion, up from $3.2 billion. Recent analyst ratings include downgrades and price target adjustments.
August 12, 2024 | 8:05 am
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Sea Limited is expected to report Q2 earnings of 18 cents per share, down from 54 cents a year ago, with revenue projected at $3.72 billion. Recent analyst ratings show mixed sentiments, with some downgrades and price target adjustments.
The mixed analyst ratings and the expected drop in earnings per share suggest a neutral short-term impact on Sea Limited's stock price. While revenue is projected to increase, the significant drop in EPS and recent downgrades balance out the positive revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100