Analysts expect that Mercadolibre Inc (NASDAQ:MELI) will post earnings per share (EPS) of $0.55 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Mercadolibre’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.73. Mercadolibre posted earnings per share of $1.16 during the same quarter last year, which would indicate a negative year-over-year growth rate of 52.6%. The company is expected to announce its next earnings report after the market closes on Thursday, February 22nd.
On average, analysts expect that Mercadolibre will report full-year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.20 to $2.58. For the next financial year, analysts expect that the business will post earnings of $3.06 per share, with EPS estimates ranging from $2.41 to $3.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Mercadolibre.
MELI has been the subject of several research analyst reports. BidaskClub raised shares of Mercadolibre from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 target price for the company in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 target price (up from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. Deutsche Bank set a $335.00 price target on shares of Mercadolibre and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $378.00 price target (up from $222.00) on shares of Mercadolibre in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $320.62.
A number of large investors have recently added to or reduced their stakes in MELI. Carmignac Gestion boosted its holdings in shares of Mercadolibre by 6.3% in the third quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock worth $628,218,000 after buying an additional 144,451 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Mercadolibre by 14.0% during the third quarter. Ameriprise Financial Inc. now owns 1,029,446 shares of the company’s stock worth $266,559,000 after acquiring an additional 126,452 shares during the period. Jennison Associates LLC grew its holdings in Mercadolibre by 9.4% during the fourth quarter. Jennison Associates LLC now owns 831,137 shares of the company’s stock worth $261,526,000 after acquiring an additional 71,206 shares during the period. Capital International Investors grew its holdings in Mercadolibre by 0.5% during the third quarter. Capital International Investors now owns 722,239 shares of the company’s stock worth $187,009,000 after acquiring an additional 3,441 shares during the period. Finally, Whale Rock Capital Management LLC grew its holdings in Mercadolibre by 79.7% during the fourth quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock worth $105,046,000 after acquiring an additional 148,085 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.
Shares of Mercadolibre (MELI) traded down $2.44 on Monday, reaching $373.34. 462,200 shares of the company’s stock traded hands, compared to its average volume of 589,780. The stock has a market cap of $16,593.45, a PE ratio of 124.03, a P/E/G ratio of 4.92 and a beta of 2.15. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Mercadolibre has a fifty-two week low of $190.07 and a fifty-two week high of $395.67.
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Mercadolibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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