Mercadolibre Inc (NASDAQ:MELI) Expected to Announce Earnings of $0.08 Per Share

Equities research analysts expect Mercadolibre Inc (NASDAQ:MELI) to report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Mercadolibre’s earnings, with estimates ranging from ($0.57) to $1.07. Mercadolibre reported earnings per share of ($0.97) during the same quarter last year, which would suggest a positive year-over-year growth rate of 108.2%. The company is scheduled to report its next earnings results on Thursday, October 29th.

According to Zacks, analysts expect that Mercadolibre will report full year earnings of $0.09 per share for the current year, with EPS estimates ranging from ($1.22) to $2.70. For the next year, analysts anticipate that the business will post earnings of $1.41 per share, with EPS estimates ranging from ($0.68) to $3.42. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Mercadolibre.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings data on Monday, August 10th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $1.01. The business had revenue of $878.40 million for the quarter, compared to the consensus estimate of $749.21 million. Mercadolibre had a negative net margin of 5.89% and a negative return on equity of 3.46%. The company’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS.

A number of analysts have recently weighed in on MELI shares. Jefferies Financial Group raised shares of Mercadolibre from a “hold” rating to a “buy” rating and upped their target price for the stock from $1,190.00 to $1,350.00 in a research report on Monday. Barclays upped their price target on shares of Mercadolibre from $1,210.00 to $1,340.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Stifel Nicolaus reiterated a “hold” rating and issued a $1,125.00 price target (up previously from $750.00) on shares of Mercadolibre in a research note on Monday, August 10th. BidaskClub cut shares of Mercadolibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Zacks Investment Research cut shares of Mercadolibre from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a research note on Friday, August 7th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,077.75.

NASDAQ:MELI opened at $1,082.87 on Friday. The firm’s 50-day moving average price is $1,107.88 and its 200-day moving average price is $872.25. The company has a market capitalization of $53.83 billion, a PE ratio of -318.49 and a beta of 1.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.79 and a quick ratio of 1.78. Mercadolibre has a 1-year low of $422.22 and a 1-year high of $1,270.00.

In other Mercadolibre news, Director Alejandro Nicolas Aguzin sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $1,213.32, for a total transaction of $7,279,920.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiliano Calemzuk sold 120 shares of Mercadolibre stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $1,128.50, for a total value of $135,420.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Atria Investments LLC grew its position in Mercadolibre by 4.8% during the second quarter. Atria Investments LLC now owns 2,215 shares of the company’s stock valued at $2,183,000 after acquiring an additional 102 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Mercadolibre by 28.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 55,460 shares of the company’s stock worth $54,671,000 after purchasing an additional 12,335 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Mercadolibre by 378.3% during the 2nd quarter. Principal Financial Group Inc. now owns 57,916 shares of the company’s stock worth $57,092,000 after purchasing an additional 45,808 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Mercadolibre by 11.4% during the 2nd quarter. Toronto Dominion Bank now owns 6,927 shares of the company’s stock worth $6,828,000 after purchasing an additional 708 shares during the last quarter. Finally, Advisor OS LLC acquired a new position in shares of Mercadolibre during the 2nd quarter worth about $385,000. 81.54% of the stock is owned by institutional investors and hedge funds.

About Mercadolibre

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Earnings History and Estimates for Mercadolibre (NASDAQ:MELI)

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