Sea Limited Shares Slide as Investors Look Ahead to Earnings

Sea Limited’s sponsored ADR fell 1.28% to $97.36 in the latest session, underperforming the S&P 500’s 0.25% decline. The Dow dropped 0.86%, while the Nasdaq rose 0.24%.

Over the past month, the shares fell 12.46%. The Computer and Technology sector gained 4% in that period, while the S&P 500 lost 0.42%.

Ahead of the company’s upcoming earnings report, Zacks Consensus estimates put earnings at $1.08 per share and revenue at $8.36 billion. Those figures would be increases of 38.46% and 35.39%, respectively, from the year-earlier quarter.

For the full year, Zacks Consensus estimates call for earnings of $3.79 per share and revenue of $31.58 billion. That would represent year-over-year growth of 15.2% in earnings and 34.5% in revenue. The consensus earnings estimate was unchanged over the past month.

Sea’s forward P/E ratio was 26.06, compared with an industry average of 18.78. Its PEG ratio was 0.77, while the Internet - Software industry average was 1.15.