SEA (SE) Announces Quarterly Earnings Results

SEA (NYSE:SE) announced its quarterly earnings data on Wednesday. The pipeline company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.01), Fidelity Earnings reports. The business had revenue of $197.04 million during the quarter, compared to analyst estimates of $159.54 million. During the same period last year, the business posted ($0.39) earnings per share. The company’s revenue for the quarter was up 81.2% compared to the same quarter last year.

NYSE:SE opened at $11.74 on Friday. SEA has a 1 year low of $11.08 and a 1 year high of $11.81. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.40 and a current ratio of 0.47.

Several brokerages have weighed in on SE. Zacks Investment Research raised SEA from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, January 25th. ValuEngine raised SEA from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $18.00.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. 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.

Earnings History for SEA (NYSE:SE)

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