Wall Street analysts expect Mercadolibre Inc (NASDAQ:MELI) to report $420.55 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Mercadolibre’s earnings, with the highest sales estimate coming in at $440.50 million and the lowest estimate coming in at $407.80 million. Mercadolibre reported sales of $273.93 million in the same quarter last year, which indicates a positive year over year growth rate of 53.5%. The business is scheduled to report its next quarterly earnings results on Thursday, May 3rd.
On average, analysts expect that Mercadolibre will report full-year sales of $420.55 million for the current fiscal year, with estimates ranging from $1.95 billion to $2.16 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.02 billion per share, with estimates ranging from $2.84 billion to $3.13 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Mercadolibre.
Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.35). The firm had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. Mercadolibre had a return on equity of 26.75% and a net margin of 0.99%.
A number of equities research analysts have weighed in on the company. TheStreet downgraded Mercadolibre from a “b” rating to a “c” rating in a research report on Friday, February 23rd. Zacks Investment Research raised Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target on the stock in a report on Wednesday, January 31st. ValuEngine raised Mercadolibre from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 price target (up previously from $350.00) on shares of Mercadolibre in a report on Sunday, January 28th. Finally, BidaskClub raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $330.98.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC acquired a new stake in Mercadolibre during the 3rd quarter valued at $104,000. Smithfield Trust Co. raised its stake in Mercadolibre by 1,025.0% during the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after purchasing an additional 410 shares during the period. Dumac Inc. raised its stake in Mercadolibre by 105.6% during the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after purchasing an additional 190 shares during the period. Financial Gravity Companies Inc. acquired a new stake in Mercadolibre during the 4th quarter valued at $140,000. Finally, Elkfork Partners LLC acquired a new stake in Mercadolibre during the 4th quarter valued at $185,000. 92.19% of the stock is currently owned by institutional investors.
Mercadolibre (MELI) traded down $3.64 on Friday, reaching $406.41. The company’s stock had a trading volume of 477,175 shares, compared to its average volume of 755,395. The firm has a market capitalization of $17,950.00, a P/E ratio of 1,401.41 and a beta of 2.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.33 and a quick ratio of 1.33. Mercadolibre has a 12-month low of $203.36 and a 12-month high of $417.91.
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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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