Zacks Investment Ideas feature highlights: DoorDash and Sea

For Immediate ReleaseChicago, IL – January 6, 2025– Today, Zacks Investment Ideas feature highlights DoorDash DASH and Sea Limited's SE.2 Internet Stocks to Buy for Breakout Sales Growth: DASH, SESales growth can be a premier indicator of a company's future success which has catapulted DoorDash and Sea Limited's stock over the last year.These internet-centric stocks have landed spots on the Zacks Rank #1 (Strong Buy) list and are starting to embark on their lucrative earnings potential.DoorDash Expansion DoorDash's expansion has been paramount with its online marketplace helping merchants interact with customers and fulfill orders through delivery personnel called "dashers". Notably, DoorDash's Zacks Internet-Services Industry is currently in the top 15% of nearly 250 Zacks industries.Boosting DoorDash's growth has been the acquisition of Finnish food delivery company Wolt in 2021. Acquiring Wolt has expanded DoorDash's presence into over 20 European markets with its reach now extending far outside of the United States to Australia, Canada, Japan, and New Zealand as well.As a beneficiary of its strong business industry, DoorDash's total sales are now expected to increase 23% in fiscal 2024 and are projected to expand another 19% in FY25 to $12.72 billion. More impressive, FY25 sales projections would represent a 340% increase from sales of $2.89 billion in 2020 when DoorDash went public.Sea Limited Expansion Similarly, Sea Limited is benefiting from a strong business environment as a consumer internet company that provides e-commerce services, digital entertainment, and digital financial services. Based in Singapore, Sea Limited's reach extends to Indonesia, Taiwan, Vietnam, Thailand, Malaysia, and the Philippines.Furthermore, Sea Limited's Zacks Internet-Software Industry is in the top 10% of all Zacks industries. Correlating with such, Sea Limited's top line is projected to expand 28% in FY24 and is forecasted to increase another 17% in FY25 to $19.62 billion. Astonishingly, FY25 sales projections would reflect an 800% increase from sales of $2.17 billion in 2020.Positive EPS RevisionsTaking advantage of their top line growth, DoorDash and Sea Limited have increased their profitability.In this regard, DoorDash's annual earnings are slated to come in at $0.26 a share in FY24 compared to an adjusted EPS loss of -$1.42 in 2023. Plus, FY25 EPS is projected to soar another 646% to $1.94. Reassuringly, FY24 and FY25 EPS estimates have continued to trend higher over the last quarter.As for Sea Limited, 55% EPS growth is expected in FY24 with annual earnings projected to climb another 91% in FY25 to $4.03 per share. More intriguing, FY24 EPS estimates are up 5% over the last 60 days with FY25 EPS estimates soaring an eye-popping 93%.Bottom LineThe rally in DoorDash and Sea Limited stock could certainly continue based on their compelling growth trajectories. As two of this decade's fastest-growing companies, both should be viable investments for 2025 and beyond.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sea Limited Sponsored ADR (SE): Free Stock Analysis Report DoorDash, Inc. (DASH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks