🔥Stock Prediction: How will Sea Limited close Tuesday 15/8 following their earnings?
Click to vote. Can you predict where $Sea Ltd(SE)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
Sea Limited is scheduled to announce Q2 its quarterly earnings results before market opens on Tuesday, Aug 15. Lets's guess where Sea Limited will move following their earnings?
💡Wall Street Analyst Weigh In
According to MarketBeat.com, several brokerages have recently issued reports on SE. Bank of America decreased their target price on SEA from $92.00 to $90.00 in a research report on Wednesday, May 17th. Bernstein Bank decreased their target price on SEA from $100.00 to $90.00 in a research report on Tuesday, July 11th. UBS Group raised SEA from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $86.00 in a report on Monday, July 31st. Benchmark started coverage on SEA in a report on Thursday, April 20th. They issued a "buy" rating and a $105.00 price objective for the company.
Finally, Loop Capital lifted their price objective on SEA from $62.00 to $88.00 and gave the stock a "hold" rating in a report on Thursday, April 13th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.35.
Sea Limited Q2 earnings consensus
Wall Street Consensus Estimate for EPS has been$0.676 per share over the past 30 days. The consensus mark for revenues is currently pegged at $3.199 billion, indicating10.3% growth from the year-ago quarter’s reported figure.
💰Activity Details
Click to vote. Guess where $Sea Ltd(SE)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration
The deadline for this event is 21:00 on 15 August 2023
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How will Sea Limited close Tuesday 15/8 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
@b1uesky @HelenJanet
The net income in the second quarter turned positive to $331 million, while the total net loss in the second quarter of 2022 was $931.2 million.
In the second quarter, the revenue of e-commerce industry was US $2.1 billion, up 20.6% year-on-year. Specifically, its core market revenue, including transaction-based fees and advertising revenue, increased by 37.6% year-on-year to $1.2 billion. Revenue from value-added services, mainly composed of logistics services, increased by 11.3% year-on-year to US $625.5 million.
Digital Entertainment's revenue in the second quarter was US $529.4 million, which was lower than US $539.7 million (year-on-year increase) and US $900.3 million year-on-year, which was mainly attributed to the slowdown of user participation and profitability.
As of June 30, 2023, cash and cash equivalents and treasury investment were USD 7.7 billion, a net increase of USD 477.4 million over the first quarter of 2023.
Forrest Li, CEO of Sea, said: "In the past few quarters, we have not only achieved self-sufficiency, but also demonstrated the profitability of our model and the ability to manage rapid and significant changes in operational priorities when we see fit."
@Tiger_Earnings
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