Brokerages Anticipate MercadoLibre (MELI) to Announce -$0.04 EPS

Wall Street brokerages predict that MercadoLibre (NASDAQ:MELI) will announce earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for MercadoLibre’s earnings, with estimates ranging from ($0.43) to $0.33. MercadoLibre posted earnings of $0.61 per share in the same quarter last year, which would suggest a negative year over year growth rate of 106.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that MercadoLibre will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $0.43 to $2.40. For the next financial year, analysts anticipate that the business will post earnings of $2.93 per share, with EPS estimates ranging from $1.39 to $4.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover MercadoLibre.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. MercadoLibre had a negative net margin of 3.30% and a positive return on equity of 13.98%.



A number of research analysts have recently weighed in on MELI shares. BidaskClub downgraded MercadoLibre from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research downgraded MercadoLibre from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 27th. Cowen reaffirmed a “hold” rating and set a $373.00 price objective on shares of MercadoLibre in a research note on Tuesday, April 17th. ValuEngine raised MercadoLibre from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $415.00 price objective (up previously from $350.00) on shares of MercadoLibre in a research note on Sunday, January 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $342.55.

Shares of MercadoLibre traded down $3.48, reaching $295.37, during trading hours on Tuesday, Marketbeat.com reports. The company had a trading volume of 605,541 shares, compared to its average volume of 819,593. The company has a quick ratio of 1.33, a current ratio of 1.18 and a debt-to-equity ratio of 1.25. The company has a market cap of $13.04 billion, a P/E ratio of 116.75 and a beta of 2.08. MercadoLibre has a 1-year low of $217.06 and a 1-year high of $417.91.

A number of hedge funds have recently added to or reduced their stakes in MELI. Dynamo Administracao de Recursos Ltda. bought a new position in MercadoLibre during the 4th quarter worth about $98,072,000. Generation Investment Management LLP bought a new position in MercadoLibre during the 4th quarter worth about $52,819,000. Whale Rock Capital Management LLC increased its holdings in MercadoLibre by 79.7% during the 4th quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock worth $105,046,000 after purchasing an additional 148,085 shares in the last quarter. Park West Asset Management LLC bought a new position in MercadoLibre during the 4th quarter worth about $44,658,000. Finally, Asset Management One Co. Ltd. increased its holdings in MercadoLibre by 50.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 350,613 shares of the company’s stock worth $124,955,000 after purchasing an additional 117,698 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

About MercadoLibre

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Earnings History and Estimates for MercadoLibre (NASDAQ:MELI)

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