From Nasdaq: 2024-11-08 12:25:00

Sea Limited (SE) is set to report third-quarter 2024 results on Nov. 12, with an estimated EPS of 59 cents and revenues of $4.12 billion, a 19.31% increase year over year. SE missed earnings estimates in the past four quarters, with a negative surprise of 75.70% on average.

SE’s Q3 performance is expected to benefit from its core businesses like Shopee, SeaMoney, and Garena. Shopee is anticipated to report positive adjusted EBITDA, driven by market share, ad take rates, and logistics efficiency. The company is focusing on improving ad monetization and expanding digital financial services.

Sea Limited’s earnings ESP is 0.00% with a Zacks Rank #3. Companies with the potential to beat earnings include Shopify (SHOP) with an ESP of +5.78% and Bilibili (BILI) with an ESP of +10.00%. Sea Limited, NVIDIA (NVDA), SHOP, and BILI are set to report their Q3 results in mid-November.

Trillions of dollars in Federal funds are allocated to infrastructure spending, benefiting various sectors like AI data centers and renewable energy sources. Discover 5 stocks poised to profit from this spending surge with free reports from Zacks Investment Research. Check out the latest recommendations for potential stock investments.



Read more at Nasdaq: Sea Limited to Post Q3 Earnings: What’s in Store for the Stock?