We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sea Limited (SE) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
Sea Limited (SE - Free Report) is set to release fourth-quarter 2020 results on Mar 2.
The Zacks Consensus Estimate for loss has been unchanged at 77 cents per share over the past 30 days. Sea Limited reported a loss of 53 cents per share in the year-ago quarter.
Moreover, the consensus mark for revenues is currently pegged at $1.67 billion, indicating 83.5% growth from the year-ago quarter’s reported figure.
The company’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, beating the same in the rest, the negative average being 23.28%.
Let’s see how things have shaped up prior to this announcement.
Factors at Play for Q4 Results
Sea Limited’s digital entertainment (Garena) and e-commerce businesses are expected to have continued to capitalize on the coronavirus outbreak and the holiday season in the fourth quarter.
Garena is likely to have benefited from the continued popularity of Free Fire. Per Sensor Tower data, the game was the ninth top-grossing mobile game worldwide in December 2020.
Moreover, Free Fire was the sixth most-downloaded mobile game in December. It was also the fourth most-downloaded mobile game in November and October.
Markedly, Free Fire inked a partnership with Cristiano Ronaldo as its brand ambassador. The attachment of this world famous soccer player with the game is expected to have attracted new players in the to-be-reported quarter.
Moreover, the company’s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
However, higher expenses related to the expansion of e-commerce services, and continued efforts to integrate the company’s mobile wallet services with the Shopee platform across different markets, is expected to have negatively impacted profitability in the to-be-reported quarter.
Key Q4 Developments
On Dec 4, Sea announced that it has been selected for the award of a license to operate a digital full bank in Singapore.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Sea Limited has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering from the same sector as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
fubo TV (FUBO - Free Report) has an Earnings ESP of +41.88% and is #3 Ranked.
Vail Resorts (MTN - Free Report) has an Earnings ESP of +12.44% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Bigstock
Sea Limited (SE) to Report Q4 Earnings: What's in Store?
Sea Limited (SE - Free Report) is set to release fourth-quarter 2020 results on Mar 2.
The Zacks Consensus Estimate for loss has been unchanged at 77 cents per share over the past 30 days. Sea Limited reported a loss of 53 cents per share in the year-ago quarter.
Moreover, the consensus mark for revenues is currently pegged at $1.67 billion, indicating 83.5% growth from the year-ago quarter’s reported figure.
The company’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, beating the same in the rest, the negative average being 23.28%.
Sea Limited Sponsored ADR Price and EPS Surprise
Sea Limited Sponsored ADR price-eps-surprise | Sea Limited Sponsored ADR Quote
Let’s see how things have shaped up prior to this announcement.
Factors at Play for Q4 Results
Sea Limited’s digital entertainment (Garena) and e-commerce businesses are expected to have continued to capitalize on the coronavirus outbreak and the holiday season in the fourth quarter.
Garena is likely to have benefited from the continued popularity of Free Fire. Per Sensor Tower data, the game was the ninth top-grossing mobile game worldwide in December 2020.
Moreover, Free Fire was the sixth most-downloaded mobile game in December. It was also the fourth most-downloaded mobile game in November and October.
Markedly, Free Fire inked a partnership with Cristiano Ronaldo as its brand ambassador. The attachment of this world famous soccer player with the game is expected to have attracted new players in the to-be-reported quarter.
Moreover, the company’s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
However, higher expenses related to the expansion of e-commerce services, and continued efforts to integrate the company’s mobile wallet services with the Shopee platform across different markets, is expected to have negatively impacted profitability in the to-be-reported quarter.
Key Q4 Developments
On Dec 4, Sea announced that it has been selected for the award of a license to operate a digital full bank in Singapore.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Sea Limited has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering from the same sector as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Autodesk (ADSK - Free Report) has an Earnings ESP of +2.29% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
fubo TV (FUBO - Free Report) has an Earnings ESP of +41.88% and is #3 Ranked.
Vail Resorts (MTN - Free Report) has an Earnings ESP of +12.44% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>