Analysts predict that Mercadolibre Inc (NASDAQ:MELI) will announce ($0.32) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Mercadolibre’s earnings. The lowest EPS estimate is ($0.68) and the highest is $0.33. Mercadolibre posted earnings per share of $0.13 in the same quarter last year, which indicates a negative year over year growth rate of 346.2%. The company is expected to announce its next quarterly earnings report on Thursday, May 7th.
On average, analysts expect that Mercadolibre will report full year earnings of ($1.58) per share for the current financial year, with EPS estimates ranging from ($3.95) to $0.45. For the next financial year, analysts forecast that the firm will post earnings of $0.44 per share, with EPS estimates ranging from ($1.65) to $1.87. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Mercadolibre.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Monday, February 10th. The company reported ($1.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.56). Mercadolibre had a negative return on equity of 3.44% and a negative net margin of 7.49%. The company had revenue of $674.20 million during the quarter, compared to the consensus estimate of $666.97 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. The company’s revenue was up 57.5% on a year-over-year basis.
MELI has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of Mercadolibre from $730.00 to $670.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Susquehanna Bancshares raised shares of Mercadolibre from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $500.00 to $820.00 in a research note on Wednesday, February 5th. ValuEngine downgraded shares of Mercadolibre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Morgan Stanley reissued an “overweight” rating and set a $710.00 price target on shares of Mercadolibre in a research note on Tuesday, January 7th. Finally, Barclays reissued a “buy” rating and set a $720.00 price target on shares of Mercadolibre in a research note on Sunday, January 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $694.10.
Shares of NASDAQ MELI opened at $718.53 on Tuesday. Mercadolibre has a 1-year low of $356.00 and a 1-year high of $725.19. The company has a market cap of $32.72 billion, a PE ratio of -197.94 and a beta of 1.57. The company has a current ratio of 2.73, a quick ratio of 2.72 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $649.27 and a two-hundred day moving average of $590.88.
A number of hedge funds and other institutional investors have recently modified their holdings of MELI. Amundi Pioneer Asset Management Inc. grew its holdings in Mercadolibre by 30.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 14,496 shares of the company’s stock valued at $7,361,000 after purchasing an additional 3,392 shares during the period. Nuveen Asset Management LLC acquired a new position in Mercadolibre during the second quarter valued at approximately $2,876,000. BlackRock Inc. grew its holdings in Mercadolibre by 1.0% during the second quarter. BlackRock Inc. now owns 1,491,572 shares of the company’s stock valued at $912,500,000 after purchasing an additional 14,951 shares during the period. Pacer Advisors Inc. grew its holdings in Mercadolibre by 20.6% during the third quarter. Pacer Advisors Inc. now owns 3,409 shares of the company’s stock valued at $1,879,000 after purchasing an additional 582 shares during the period. Finally, Reilly Financial Advisors LLC grew its holdings in Mercadolibre by 64.5% during the third quarter. Reilly Financial Advisors LLC now owns 51 shares of the company’s stock valued at $28,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.
Mercadolibre Company Profile
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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