Sea Ltd reports results for the quarter ended September 30 - Earnings Summary

Sea

12/11/2024 15:46

* Sea Ltd  SE.N  reported quarterly adjusted earnings of 24
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -26 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 15 cents to 42 cents per share.
    * Revenue rose 30.8% to $4.33 billion from a year ago;
analysts
expected $4.08 billion. 
    * Sea Ltd's reported EPS for the quarter was 24 cents​.
    * The company reported quarterly net income of $153.32
million.
    * Sea Ltd shares had risen by 3.4% this quarter and
gained 140.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 28 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Sea Ltd is
$107.00 
This summary was machine generated from LSEG data November 12 at
03:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.26           0.24           Missed
 Jun. 30 2024      0.18           0.14           Missed
 Mar. 31 2024      -0.02          -0.04          Missed
 Dec. 31 2023      -0.25          -0.19          Beat