Analysts expect that MercadoLibre (NASDAQ:MELI) will post $399.28 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for MercadoLibre’s earnings, with the highest sales estimate coming in at $479.70 million and the lowest estimate coming in at $354.20 million. MercadoLibre reported sales of $316.53 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.1%. The business is scheduled to issue its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that MercadoLibre will report full year sales of $1.77 billion for the current year, with estimates ranging from $1.54 billion to $2.06 billion. For the next year, analysts anticipate that the business will report sales of $2.56 billion per share, with estimates ranging from $2.04 billion to $3.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for MercadoLibre.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.35). The business had revenue of $436.98 million during the quarter, compared to analyst estimates of $404.74 million. MercadoLibre had a positive return on equity of 13.98% and a negative net margin of 3.30%.

MELI has been the topic of several recent research reports. BidaskClub cut shares of MercadoLibre from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $433.00 price objective on the stock in a research note on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 price objective (up previously from $350.00) on shares of MercadoLibre in a research note on Sunday, January 28th. ValuEngine raised shares of MercadoLibre from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $450.00 price objective (up previously from $385.00) on shares of MercadoLibre in a research note on Wednesday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. MercadoLibre currently has a consensus rating of “Hold” and a consensus price target of $342.55.

Shares of MercadoLibre opened at $305.13 on Thursday, according to Marketbeat.com. The company has a market capitalization of $13.18 billion, a PE ratio of 120.60 and a beta of 2.08. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.33 and a current ratio of 1.18. MercadoLibre has a 12-month low of $286.63 and a 12-month high of $299.19.

Institutional investors have recently added to or reduced their stakes in the company. Fortis Advisors LLC purchased a new position in shares of MercadoLibre in the first quarter worth approximately $112,000. Dumac Inc. increased its position in shares of MercadoLibre by 105.6% in the fourth quarter. Dumac Inc. now owns 370 shares of the company’s stock worth $116,000 after acquiring an additional 190 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of MercadoLibre in the fourth quarter worth approximately $140,000. Elkfork Partners LLC purchased a new position in shares of MercadoLibre in the fourth quarter worth approximately $185,000. Finally, Green Square Capital LLC purchased a new position in shares of MercadoLibre in the fourth quarter worth approximately $200,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for MercadoLibre (NASDAQ:MELI)

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