Mercadolibre (NASDAQ:MELI) is set to post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Mercadolibre to post earnings of $0.28 per share for the quarter.
Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. The business had revenue of $474.00 million during the quarter, compared to the consensus estimate of $423.19 million. Mercadolibre had a negative return on equity of 1.55% and a negative net margin of 0.74%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) EPS. On average, analysts expect Mercadolibre to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.
MELI traded down $0.23 during trading on Wednesday, hitting $633.55. The stock had a trading volume of 7,651 shares, compared to its average volume of 437,510. The stock has a 50 day simple moving average of $630.66. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of -772.88 and a beta of 1.78. Mercadolibre has a one year low of $257.52 and a one year high of $672.55. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.34.
MELI has been the subject of several recent research reports. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Credit Suisse Group restated an “outperform” rating and issued a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Barclays downgraded Barrick Gold from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $15.00 to $18.00 in a research report on Tuesday, July 16th. Finally, Piper Jaffray Companies upped their target price on DexCom to $173.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Mercadolibre has an average rating of “Hold” and an average target price of $547.38.
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
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