Zacks: Analysts Expect Mercadolibre Inc (NASDAQ:MELI) to Post -$0.67 EPS

Equities analysts expect that Mercadolibre Inc (NASDAQ:MELI) will announce earnings of ($0.67) per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mercadolibre’s earnings. The lowest EPS estimate is ($1.03) and the highest is ($0.42). Mercadolibre posted earnings of ($0.05) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1,240%. The firm is scheduled to announce its next earnings results on Tuesday, February 25th.

On average, analysts expect that Mercadolibre will report full-year earnings of ($3.05) per share for the current financial year, with EPS estimates ranging from ($3.24) to ($2.86). For the next fiscal year, analysts forecast that the business will report earnings of ($0.97) per share, with EPS estimates ranging from ($3.95) to $0.95. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Mercadolibre.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, October 31st. The company reported ($2.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($2.97). Mercadolibre had a negative return on equity of 1.29% and a negative net margin of 5.87%. The company had revenue of $603.03 million for the quarter, compared to analysts’ expectations of $588.23 million. During the same period in the prior year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 69.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on MELI shares. Goldman Sachs Group set a $713.00 price objective on Mercadolibre and gave the company a “buy” rating in a report on Tuesday, September 10th. HSBC raised Mercadolibre from a “hold” rating to a “buy” rating and lifted their price objective for the company from $575.00 to $800.00 in a report on Monday, September 9th. BidaskClub raised Mercadolibre from a “hold” rating to a “buy” rating in a report on Monday, November 25th. BTIG Research raised Mercadolibre from a “neutral” rating to a “buy” rating and set a $720.00 price objective on the stock in a report on Monday, September 9th. Finally, UBS Group lowered their price objective on Mercadolibre from $730.00 to $670.00 and set a “buy” rating on the stock in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $654.13.

Several hedge funds have recently bought and sold shares of MELI. Bartlett & Co. LLC acquired a new stake in shares of Mercadolibre during the 3rd quarter valued at approximately $26,000. Reilly Financial Advisors LLC lifted its position in shares of Mercadolibre by 64.5% during the 3rd quarter. Reilly Financial Advisors LLC now owns 51 shares of the company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Lindbrook Capital LLC acquired a new stake in shares of Mercadolibre during the 3rd quarter valued at approximately $28,000. NEXT Financial Group Inc lifted its position in shares of Mercadolibre by 104.3% during the 2nd quarter. NEXT Financial Group Inc now owns 47 shares of the company’s stock valued at $29,000 after acquiring an additional 24 shares during the period. Finally, Emerald Investment Partners LLC acquired a new stake in shares of Mercadolibre during the 2nd quarter valued at approximately $37,000. Institutional investors own 81.16% of the company’s stock.

MELI traded down $0.33 during trading on Thursday, reaching $579.98. The company’s stock had a trading volume of 365,438 shares, compared to its average volume of 559,849. Mercadolibre has a 52-week low of $257.52 and a 52-week high of $698.98. The company’s fifty day moving average price is $546.67 and its 200-day moving average price is $585.10. The company has a market capitalization of $29.06 billion, a price-to-earnings ratio of -707.29 and a beta of 1.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.72 and a current ratio of 2.73.

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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