Analysts Expect Mercadolibre Inc (MELI) Will Post Quarterly Sales of $404.74 Million

Analysts expect Mercadolibre Inc (NASDAQ:MELI) to post $404.74 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mercadolibre’s earnings. The lowest sales estimate is $398.62 million and the highest is $415.80 million. Mercadolibre posted sales of $256.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 57.9%. The business is expected to announce its next earnings results after the market closes on Thursday, February 22nd.

On average, analysts expect that Mercadolibre will report full-year sales of $404.74 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next year, analysts expect that the firm will post sales of $1.98 billion per share, with estimates ranging from $1.85 billion to $2.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Mercadolibre.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The company had revenue of $370.66 million during the quarter, compared to analysts’ expectations of $347.29 million. During the same period in the prior year, the company posted $0.88 earnings per share. Mercadolibre’s revenue for the quarter was up 60.6% compared to the same quarter last year.

MELI has been the subject of several recent analyst reports. KeyCorp reiterated a “buy” rating and set a $290.00 price objective on shares of Mercadolibre in a research report on Tuesday, October 17th. Credit Suisse Group increased their price objective on shares of Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Barclays decreased their price objective on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. Piper Jaffray Companies reiterated a “buy” rating and set a $268.00 price objective on shares of Mercadolibre in a research report on Monday, October 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $415.00 price objective (up from $350.00) on shares of Mercadolibre in a research report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $296.71.

In related news, Director Alejandro Nicolas Aguzin bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in MELI. TIAA CREF Investment Management LLC lifted its stake in shares of Mercadolibre by 22.8% in the second quarter. TIAA CREF Investment Management LLC now owns 7,491 shares of the company’s stock valued at $1,879,000 after buying an additional 1,390 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Mercadolibre by 7.9% in the second quarter. Northern Trust Corp now owns 136,935 shares of the company’s stock valued at $34,355,000 after buying an additional 10,049 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Mercadolibre by 31.6% in the second quarter. Vanguard Group Inc. now owns 237,993 shares of the company’s stock valued at $59,708,000 after buying an additional 57,081 shares in the last quarter. Ark Investment Management LLC lifted its stake in shares of Mercadolibre by 8.9% in the second quarter. Ark Investment Management LLC now owns 16,870 shares of the company’s stock valued at $4,232,000 after buying an additional 1,384 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Mercadolibre by 23.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,542 shares of the company’s stock valued at $889,000 after buying an additional 668 shares in the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mercadolibre (NASDAQ MELI) opened at $368.39 on Friday. Mercadolibre has a 12-month low of $189.04 and a 12-month high of $395.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.44. The firm has a market cap of $16,267.00, a price-to-earnings ratio of 105.25, a PEG ratio of 4.87 and a beta of 2.15.

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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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Earnings History and Estimates for Mercadolibre (NASDAQ:MELI)

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