Market News

Sea Limited Shares (NYSE: SE) Surge over 40% after Earnings Beat

Shares of Sea Limited (NYSE: SE) surged more than 40% after it reported earnings for its third quarter of Fiscal Year 2022. Adjusted earnings per share came in at -$0.66, which beat analysts’ consensus estimate of -$1.04 per share.

In addition, sales increased by 18.5% year-over-year, with revenue hitting $3.2 billion. This beat analysts’ target by $190 million.

Looking ahead, management revised its guidance for digital entertainment revenue downwards, citing macroeconomic uncertainties. Indeed, the new range is between $2.6 billion and $2.8 billion. For reference, the previous guidance was between $2.9 billion to $3.1 billion.

Is SE Stock a Buy or Sell?

SE stock has a Strong Buy consensus rating based on nine Buys, two Holds, and zero Sells assigned in the past three months. The average SE stock price target of $100 implies almost 54% upside potential.


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More