Mercadolibre (MELI) Scheduled to Post Earnings on Thursday

Mercadolibre (NASDAQ:MELI) will post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Mercadolibre to post earnings of ($0.03) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). The firm had revenue of $335.40 million for the quarter, compared to the consensus estimate of $333.98 million. Mercadolibre had a negative net margin of 4.39% and a positive return on equity of 4.32%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts expect Mercadolibre to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:MELI traded up $16.36 on Tuesday, reaching $303.70. 19,419 shares of the stock traded hands, compared to its average volume of 775,695. The firm has a market cap of $13.04 billion, a P/E ratio of 120.67 and a beta of 2.03. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.15 and a current ratio of 1.15. Mercadolibre has a 12 month low of $229.63 and a 12 month high of $417.91.

A number of analysts have weighed in on the stock. Piper Jaffray Companies reduced their price objective on shares of Mercadolibre to $340.00 and set an “overweight” rating for the company in a research note on Tuesday. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Credit Suisse Group reduced their price target on shares of Mercadolibre from $420.00 to $370.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. UBS Group began coverage on shares of Mercadolibre in a research note on Tuesday, October 23rd. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $359.08.

Mercadolibre Company Profile

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 for Mercadolibre (NASDAQ:MELI)

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