🔥Stock Prediction: How will Sea Limited close Monday 4/3 following their earnings?
Click to vote. Can you predict where $Sea Ltd(SE)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
Sea Limited is scheduled to announce Q4 its quarterly earnings results before market opens on Monday,4 March. Lets's guess where Sea Limited will move following their earnings?
💡Wall Street Analyst Weigh In
According to Bloomberg report, Sea's net loss is expected to continue in 4Q amid a step-up in investments into its e-commerce unit Shopee, which was the reason its 3Q bottom line swung to a net loss. Yet a full-year profit is widely expected.
Much is at stake for Sea after ByteDance's TikTok took over Indonesia's Tokopedia, with which Shopee has a duopoly in the country. This, along with encroachment from Shein and PDD's Temu on Southeast Asian online retail, means about 60% or more of Sea's revenue is at risk.
Such investments, mostly for user incentives and growing live-shopping capabilities, could intensify given both rivals are cash-rich and tend to use aggressive promotional tactics. One bright spot is Sea's free cash flow and strong cash reserves, which should be supported by profit from digital entertainment and financial services.
Sea Limited Q4 earnings consensus
Wall Street Consensus Estimate for EPS has been-$0.085 per share. The consensus mark for revenues is currently pegged at $3.495 billion, indicating-0.4% growth from the year-ago quarter’s reported figure.
💰Activity Details
Click to vote. Guess where $Sea Ltd(SE)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration
The deadline for this event is 16:00 on 4 March 2024
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How will Sea Limited close Monday 4/3 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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