Sea Limited (NYSE:SE) is reporting third quarter financial results on Tuesday 17th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, SE is expected to report 3Q20 loss of $ 0.53 per share from revenue of $ 1398.09 million.
For the full year, analysts anticipate top line of $ 5001.13 million, while looking forward to loss of $ 2.38 per share bottom line.
Previous Quarter Performance
Sea Limited announced loss for the second quarter of $ 0.68 per share, from the revenue of $ 1,278.20 million. The quarterly revenues swell 108.36 percent compared with the same quarter last year. Wall street analysts are predicting, SE to report 2Q20 loss of $ 0.42 per share from revenue of $ 1058.21 million. The bottom line results missed street analysts by $ 0.26 or 61.9 percent, at the same time, top line results outshined analysts by $ 219.99 million or 20.79 percent.
Stock Performance
Shares of Sea Limited traded low $ -3.22 or -1.77 percent on Monday, reaching $ 178.22 with volume of 4.68 million shares. Sea Limited has traded high as $ 179.24 and has cracked $ 172.00 on the downward trend
According to the previous trading day, closing price of $ 178.22, representing a 413.99 % increase from the 52 week low of $ 35.30 and a 3.36 % decrease over the 52 week high of $ 187.75.
The company has a market capital of $ 86.92 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by UBS Group at Buy rating, with $ 200.00 target price.
Conference Call
Sea Limited will be hosting a conference call at 7:30 AM eastern time on 17th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-888-317-6003 U.S. or 1-412-317-6061 (International), with passcode : 2277417 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.seagroup.com
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features. The company also operates Shopee e-commerce platform, a mobile-centric marketplace that offers integrated payment and logistics infrastructure and seller services.
