Q1 2019 Earnings Forecast for Mercadolibre Inc (MELI) Issued By Piper Jaffray Companies

Mercadolibre Inc (NASDAQ:MELI) – Equities researchers at Piper Jaffray Companies decreased their Q1 2019 earnings estimates for Mercadolibre in a report released on Friday, November 2nd. Piper Jaffray Companies analyst M. Olson now expects that the company will post earnings per share of $0.09 for the quarter, down from their previous forecast of $0.16. Piper Jaffray Companies has a “Overweight” rating and a $340.00 price objective on the stock.

A number of other analysts also recently issued reports on MELI. BidaskClub raised shares of Mercadolibre from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Credit Suisse Group increased their price target on shares of Mercadolibre from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, July 16th. Zacks Investment Research raised shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 16th. Barclays increased their price target on shares of Mercadolibre from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Tuesday, July 17th. Finally, KeyCorp set a $400.00 price target on shares of Mercadolibre and gave the stock a “buy” rating in a report on Wednesday, July 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Mercadolibre has a consensus rating of “Buy” and an average price target of $359.92.

Shares of NASDAQ MELI opened at $357.62 on Monday. Mercadolibre has a 1 year low of $250.83 and a 1 year high of $417.91. The firm has a market cap of $15.65 billion, a P/E ratio of 141.35 and a beta of 1.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.15.

Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.13). Mercadolibre had a negative return on equity of 10.41% and a negative net margin of 7.04%. The firm had revenue of $355.30 million for the quarter, compared to analysts’ expectations of $352.75 million. During the same period last year, the company posted $0.63 earnings per share. The business’s quarterly revenue was up 16.5% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in Mercadolibre by 6.9% during the third quarter. CIBC Asset Management Inc now owns 2,252 shares of the company’s stock valued at $767,000 after purchasing an additional 145 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in Mercadolibre by 4.5% during the second quarter. Flossbach Von Storch AG now owns 3,500 shares of the company’s stock valued at $1,046,000 after purchasing an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in Mercadolibre by 13.5% during the third quarter. Bbva Compass Bancshares Inc. now owns 1,493 shares of the company’s stock valued at $508,000 after purchasing an additional 178 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Mercadolibre by 79.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 408 shares of the company’s stock valued at $139,000 after purchasing an additional 181 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its holdings in Mercadolibre by 5.3% during the second quarter. First Mercantile Trust Co. now owns 4,000 shares of the company’s stock valued at $1,196,000 after purchasing an additional 200 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors and hedge funds.

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 and Estimates for Mercadolibre (NASDAQ:MELI)

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