Mercadolibre Inc (NASDAQ:MELI) Forecasted to Earn Q1 2020 Earnings of $0.33 Per Share

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Mercadolibre Inc (NASDAQ:MELI) – Analysts at KeyCorp decreased their Q1 2020 earnings per share estimates for shares of Mercadolibre in a research report issued on Tuesday, February 11th. KeyCorp analyst E. Yruma now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.81. KeyCorp also issued estimates for Mercadolibre’s Q3 2020 earnings at ($0.21) EPS, Q4 2020 earnings at $0.02 EPS and FY2020 earnings at $0.45 EPS.

MELI has been the topic of several other research reports. TheStreet upgraded shares of Mercadolibre from a “d+” rating to a “c-” rating in a report on Monday, December 23rd. Susquehanna Bancshares upgraded shares of Mercadolibre from a “neutral” rating to a “positive” rating and upped their price objective for the company from $500.00 to $820.00 in a report on Wednesday, February 5th. Deutsche Bank restated a “buy” rating and set a $670.00 price objective (up previously from $653.00) on shares of Mercadolibre in a report on Wednesday, December 4th. Credit Suisse Group upped their price objective on shares of Mercadolibre from $680.00 to $750.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, UBS Group cut their price objective on shares of Mercadolibre from $730.00 to $670.00 and set a “buy” rating on the stock in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $694.10.

MELI opened at $735.01 on Thursday. Mercadolibre has a 52-week low of $358.07 and a 52-week high of $735.24. The company has a quick ratio of 2.72, a current ratio of 2.73 and a debt-to-equity ratio of 0.38. The company has a market cap of $35.72 billion, a P/E ratio of -202.48 and a beta of 1.57. The firm’s 50-day moving average price is $649.27 and its 200-day moving average price is $590.88.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Monday, February 10th. The company reported ($1.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.56). Mercadolibre had a negative net margin of 7.49% and a negative return on equity of 3.44%. The company had revenue of $674.20 million for the quarter, compared to analyst estimates of $666.97 million. During the same quarter last year, the company earned ($0.05) EPS. The business’s revenue was up 57.5% compared to the same quarter last year.

A number of large investors have recently modified their holdings of MELI. Bartlett & Co. LLC acquired a new position in Mercadolibre in the 3rd quarter worth approximately $26,000. Reilly Financial Advisors LLC increased its holdings in Mercadolibre by 64.5% in the 3rd quarter. Reilly Financial Advisors LLC now owns 51 shares of the company’s stock worth $28,000 after buying an additional 20 shares during the period. Lindbrook Capital LLC acquired a new position in Mercadolibre in the 3rd quarter worth approximately $28,000. Lighthouse Financial Advisors Inc. acquired a new position in Mercadolibre in the 4th quarter worth approximately $28,000. Finally, Sugarloaf Wealth Management LLC acquired a new position in Mercadolibre in the 4th quarter worth approximately $34,000. Institutional investors own 80.95% of the company’s stock.

Mercadolibre Company Profile

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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Earnings History and Estimates for Mercadolibre (NASDAQ:MELI)

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