🔥Stock Prediction: How will Sea Limited close Tuesday 16/8 following their earnings?
Click to vote. Can you predict where $Sea Ltd(SE)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
Sea Limited is scheduled to announce Q2 earnings results before market opens on Tuesday, Aug 16. Lets's guess where Sea Limited will move following their earnings?💡Highlights of this quarter:
Sea Limited’s digital entertainment (Garena) and e-commerce businesses are expected to have been the driving factor in the second quarter.
Garena is likely to have benefited from stabilizing the player base of Free Fire. The company’s e-commerce segment is likely to have gained traction from a strong uptick in Shopee, its online shopping platform. Increasing monthly active users and improving engagement reflected by growing total time spent bode well for Shopee in the to-be-reported quarter
Sea Limited Q2 earnings consensus
Wall Street Consensus Estimate for loss has been$1.004 per share over the past 30 days. Sea Limited reported a loss of 61 cents per share in the year-ago quarter. The consensus mark for revenues is currently pegged at $2.971 billion, indicating 41.7% growth from the year-ago quarter’s reported figure.
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⏰Event Time
The deadline for this event is 21:00 on 16 August, SGT
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How will Sea Limited close Tuesday 16/8 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.
$Sea Ltd(SE)$ Bullish
From a high of USD 372 to a low of USD 54.06, $Sea Ltd(SE)$ share price is one of the most volatile stocks in the US markets.
At the last earnings report 1Q2022, Sea's revenue rose 64% year on year to USD2.9 billion, which beats analysts estimates by USD 40 billion. Its Net Loss widened from USD 442 million to USD 580 million.
SEA has 3 divisions - Garena, Shopee and SEA Money. Garena's revenue rose 45% year on year to USD 1.1 billion but its bookings which reflect its underlying growth has slowed down.
Shopee is still growing by leaps and bounds as its revenue has risen over 64% and gross orders soared 71% to USD1.9 billion.
SEA money' s revenue has grown an outstanding 360% year on year to USD236 million.
I am bullish on $Sea Ltd(SE)$ as its share price is recently on the upswing as investors are more optimistic about the slowing down of the high inflation and the Feds tapering off the interest rates hike by mid 2023.
@Tiger_Earnings @TigerStars
This is one of the darlings a year ago when market is willing to accord its valuation of more than 40x price earnings. The growth over the past decade is fuelled by digital economy, be it shopping platform, game platform and digital money, seamoney. It has formed a very strong ecology should the management wish to cross-feature their services and product.
As long as regulators in South East Asia continue to allow innovation from the tech company, i believe that it is a matter of time $Sea Ltd(SE)$ will touch the market cap of USD50 bil again in next 3 years. @MillionaireTiger @Tiger_Comments @Tiger_Earnings
I voted red. Today many in red although not up to -6%, i expect the earnings weaken due to softer demand, everywhere inflation, ppl thighten belt, not anyhow spend, me ? I spend on stocks [Chuckle]