Sea R
Sea Restricted Sponsored ADR (SE) closed the latest buying and selling day at $45.24, shifting -0.77% from the earlier buying and selling session. This modification was narrower than the S&P 500’s 1.77% loss on the day. On the identical time, the Dow misplaced 2.09%, and the tech-heavy Nasdaq misplaced 1.59%.
Previous to immediately’s buying and selling, shares of the corporate had gained 13.86% over the previous month. This has outpaced the Finance sector’s lack of 0.12% and the S&P 500’s achieve of two.04% in that point.
SE might be seeking to show energy because it nears its subsequent earnings launch. The corporate is anticipated to report EPS of -$0.62, up 34.04% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $889.45 million, up 128.48% from the year-ago interval.
Buyers also needs to be aware any latest modifications to analyst estimates for SE. These revisions sometimes replicate the most recent short-term enterprise traits, which may change continuously. Consequently, we will interpret constructive estimate revisions as an excellent signal for the corporate’s enterprise outlook.
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