Equities research analysts predict that Mercadolibre Inc (NASDAQ:MELI) will report ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Mercadolibre’s earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at $0.12. Mercadolibre posted earnings per share of $0.63 during the same quarter last year, which indicates a negative year over year growth rate of 104.8%. The business is expected to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that Mercadolibre will report full year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.81) to ($0.01). For the next financial year, analysts anticipate that the company will post earnings of $1.08 per share, with EPS estimates ranging from ($0.26) to $3.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Mercadolibre.

Mercadolibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.04). Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $333.98 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis.

A number of analysts have weighed in on the company. Barclays increased their price target on Mercadolibre from $365.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Credit Suisse Group decreased their price target on Mercadolibre from $425.00 to $420.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. ValuEngine upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. BidaskClub upgraded Mercadolibre from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research downgraded Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Mercadolibre has a consensus rating of “Hold” and a consensus price target of $356.92.

Institutional investors and hedge funds have recently modified their holdings of the company. Fortis Advisors LLC acquired a new stake in shares of Mercadolibre in the 1st quarter valued at about $112,000. HMS Capital Management LLC bought a new position in Mercadolibre in the 2nd quarter valued at about $211,000. WESPAC Advisors LLC bought a new position in Mercadolibre in the 1st quarter valued at about $215,000. Paloma Partners Management Co bought a new position in Mercadolibre in the 2nd quarter valued at about $239,000. Finally, Natixis bought a new position in Mercadolibre in the 2nd quarter valued at about $253,000. Institutional investors own 95.21% of the company’s stock.

Mercadolibre stock traded up $3.77 during trading hours on Thursday, reaching $320.67. 531,433 shares of the company’s stock were exchanged, compared to its average volume of 780,927. 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 has a twelve month low of $217.06 and a twelve month high of $417.91. The company has a market cap of $14.07 billion, a P/E ratio of 126.75 and a beta of 2.06.

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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