Mercadolibre Inc (MELI) Expected to Post Earnings of -$0.15 Per Share

Analysts predict that Mercadolibre Inc (NASDAQ:MELI) will announce ($0.15) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Mercadolibre’s earnings. The lowest EPS estimate is ($0.35) and the highest is ($0.02). Mercadolibre posted earnings of $0.20 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 175%. The firm is expected to report its next earnings results on Thursday, February 28th.

On average, analysts expect that Mercadolibre will report full-year earnings of ($1.00) per share for the current year, with EPS estimates ranging from ($1.31) to ($0.79). For the next fiscal year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from ($0.46) to $2.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Mercadolibre.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, November 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.13). The company had revenue of $355.30 million during the quarter, compared to the consensus estimate of $352.75 million. Mercadolibre had a negative net margin of 7.04% and a negative return on equity of 9.47%. Mercadolibre’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS.

Several research analysts have issued reports on MELI shares. Zacks Investment Research raised Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 23rd. BidaskClub cut Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Credit Suisse Group dropped their price target on Mercadolibre from $425.00 to $420.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. Barclays upped their price target on Mercadolibre from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus upped their price target on Mercadolibre from $360.00 to $380.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mercadolibre has an average rating of “Buy” and a consensus target price of $362.62.

A number of large investors have recently made changes to their positions in MELI. Steward Partners Investment Advisory LLC raised its stake in Mercadolibre by 79.7% during the 3rd 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 during the period. Financial Gravity Wealth Inc. raised its stake in Mercadolibre by 151.3% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 671 shares of the company’s stock valued at $193,000 after purchasing an additional 404 shares during the period. HMS Capital Management LLC acquired a new stake in Mercadolibre during the 2nd quarter valued at $211,000. Wagner Bowman Management Corp acquired a new position in shares of Mercadolibre in the third quarter worth $214,000. Finally, Brown Advisory Inc. acquired a new position in shares of Mercadolibre in the third quarter worth $215,000. 93.38% of the stock is currently owned by institutional investors.

NASDAQ MELI opened at $350.56 on Tuesday. Mercadolibre has a 1 year low of $268.90 and a 1 year high of $417.91. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 1.62.

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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