Sea (SE) Q4 Earnings Report Preview: What to Look For
E-commerce and gaming company Sea (NYSE:SE) will report earnings tomorrow morning. Here’s what investors should know.
In the latest quarter, Sea posted revenue of $3.31 billion, up 4.9% year over year, beating analysts’ revenue expectations of 3.1%. It was a weak quarter for the company, with a declining user base and slow revenue growth. The company reported 40.5 million users, down 21.4% year over year.
Is Sea buying or selling in the direction of earnings? Find out by reading the original article on StockStory.
This quarter, analysts expect Sea’s revenue to grow 2.9% year-over-year to $3.55 billion, slowing from the 7.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to be -$0.06 per share.
Most analysts that follow the company have reconfirmed their estimates in the last thirty days, suggesting that they expect the company to stay on course towards earnings. The company has missed Wall Street revenue estimates twice in the past two years.
Looking at Sea’s competitors in the online marketplace segment, some of them have already reported their fourth quarter earnings results, giving us an idea of what we can expect. Robinhood (NASDAQ:) reported revenue growth of 23.9% year-over-year, beating analysts’ estimates of 4% and CarGurus (NASDAQ:) reported revenue declines of 22.2% year-over-year, beating estimates by 1.5%. Robinhood gained 12.8% on the results, while CarGurus lost 15%.
Read the full analysis of Robinhood and CarGurus results on StockStory.
There has been positive sentiment among investors in the online market segment, with shares rising by an average of 9.5% over the past month. Over the same period, Sea is up 21.6% and is heading to earnings with an analyst price target of $55, compared to the stock price of $50.9.