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.
The Zacks Consensus Estimate for loss has widened by 8 cents to 75 cents per share over the past 30 days. Sea reported a loss of 88 cents in the year-ago quarter.
The consensus mark for revenues is currently pegged at $3.03 billion, indicating 4.83% growth from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same in the remaining, the average earnings surprise being 4.57%.
Let’s see how things have shaped up prior to this announcement.
Factors at Play for Q4 Results
Sea Limited has been suffering from a challenging macroeconomic environment, raging inflation, rising interest rates, a strong U.S. dollar and a reversal of pandemic trends. The fourth-quarter 2022 results are expected to reflect these trends.
Nevertheless, Sea Limited’s digital entertainment (Garena) business is likely to have benefited from stabilizing the player base of Free Fire.
The company’s e-commerce segment is also likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Healthy buyer and seller engagement levels, as reflected by growing total time spent, bode well for Shopee in the to-be-reported quarter.
Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
Sea Limited’s accelerated cost savings initiatives, which include reduced marketing expenses at Shopee, particularly around shipping subsidies, are expected to have benefited profitability.
However, higher expenses related to the expansion of e-commerce services and continued efforts to integrate its mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.
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 #2. 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, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Image: Shutterstock
Sea Limited (SE) to Report Q4 Earnings: What's in Store?
Sea Limited (SE - Free Report) is set to release its fourth-quarter 2022 results on Mar 7.
The Zacks Consensus Estimate for loss has widened by 8 cents to 75 cents per share over the past 30 days. Sea reported a loss of 88 cents in the year-ago quarter.
The consensus mark for revenues is currently pegged at $3.03 billion, indicating 4.83% growth from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same in the remaining, the average earnings surprise being 4.57%.
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 has been suffering from a challenging macroeconomic environment, raging inflation, rising interest rates, a strong U.S. dollar and a reversal of pandemic trends. The fourth-quarter 2022 results are expected to reflect these trends.
Nevertheless, Sea Limited’s digital entertainment (Garena) business is likely to have benefited from stabilizing the player base of Free Fire.
The company’s e-commerce segment is also likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Healthy buyer and seller engagement levels, as reflected by growing total time spent, bode well for Shopee in the to-be-reported quarter.
Additionally, SeaMoney’s strengthening integration with Shopee is expected to have aided Sea’s digital financial services business.
Sea Limited’s accelerated cost savings initiatives, which include reduced marketing expenses at Shopee, particularly around shipping subsidies, are expected to have benefited profitability.
However, higher expenses related to the expansion of e-commerce services and continued efforts to integrate its mobile wallet services with the Shopee platform across different markets are expected to have negatively impacted profitability in the to-be-reported quarter.
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 #2. 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, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Vertex (VERX - Free Report) has an Earnings ESP of +11.11% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
VERX shares have gained 12.8% in the past year. Vertex is set to report its fourth-quarter 2022 results on Mar 8.
Micron (MU - Free Report) has an Earnings ESP of +0.88% and carries a Zacks Rank of 3 at present.
Micron shares have declined 25% in the past year. MU is set to report its second-quarter fiscal 2023 results on Mar 28.
OptimizeRx (OPRX - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #3.
OptimizeRx shares have declined 54.1% in the past year. OPRX is set to report its fourth-quarter 2022 results on Mar 8.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.