Top Wall Street Forecasters Revamp Sea Price Expectations Ahead Of Q2 Earnings

Author: Avi Kapoor | August 12, 2024 04:05am

Sea Limited (NYSE:SE) is set to release earnings results for its second quarter, before the opening bell on Aug. 13, 2024.

Analysts expect the Singapore-based company to report quarterly earnings at 18 cents per share, down from 54 cents per share in the year-ago period. Sea is projected to report quarterly revenue of $3.72 billion, compared to $3.2 billion a year earlier, according to data from Benzinga Pro.

On May 14, Sea reported fiscal first-quarter 2024 revenue growth of 22.8% year-on-year to $3.73 billion, beating the analyst consensus estimate of $3.56 billion.

Sea shares rose 3.5% to close at $64.86 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• DBS Bank analyst Sachin Mittal downgraded the stock from Buy to Hold with a price target of $75 on June 28. This analyst has an accuracy rate of 73%.
• Loop Capital analyst Rob Sanderson maintained a Buy rating and boosted the price target from $92 to $94 on June 10. This analyst has an accuracy rate of 60%.
• TD Cowen analyst John Blackledge maintained a Hold rating and raised the price target from $52 to $64 on May 15. This analyst has an accuracy rate of 61%.
• Benchmark analyst Fawne Jiang maintained a Buy rating and raised the price target from $78 to $87 on May 15. This analyst has an accuracy rate of 60%.
• Wedbush analyst Scott Devitt reiterated an Outperform rating with a price target of $72 on May 14. This analyst has an accuracy rate of 81%.

Considering buying SE stock? Here’s what analysts think:

Read This Next:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields

Posted In: SE