Wall Street analysts forecast that Mercadolibre Inc (NASDAQ:MELI) will post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mercadolibre’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.56. Mercadolibre posted earnings of $0.63 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 74.6%. The business is expected to issue its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Mercadolibre will report full-year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.51) to $0.64. For the next financial year, analysts expect that the business will report earnings of $1.61 per share, with EPS estimates ranging from $0.53 to $3.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Mercadolibre.

Mercadolibre (NASDAQ:MELI) last released its earnings results on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The firm had revenue of $335.40 million during the quarter, compared to analyst estimates of $333.98 million. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue was up 18.1% on a year-over-year basis.

Several analysts have recently commented on the stock. ValuEngine cut shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. BidaskClub cut shares of Mercadolibre from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 17th. Stifel Nicolaus raised their target price on shares of Mercadolibre from $360.00 to $380.00 and gave the stock a “hold” rating in a research note on Thursday, August 9th. Barclays raised their target price on shares of Mercadolibre from $365.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Finally, Piper Jaffray Companies raised their target price on shares of Mercadolibre to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, May 10th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $356.92.

Shares of MELI stock traded down $10.60 during mid-day trading on Friday, hitting $324.20. The stock had a trading volume of 859,900 shares, compared to its average volume of 767,735. Mercadolibre has a fifty-two week low of $217.06 and a fifty-two week high of $417.91. The stock has a market capitalization of $16.44 billion, a PE ratio of 129.27 and a beta of 2.04. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.15 and a current ratio of 1.15.

In related news, Director Meyer Malka purchased 1,708 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was acquired at an average price of $292.65 per share, for a total transaction of $499,846.20. Following the acquisition, the director now directly owns 1,708 shares of the company’s stock, valued at approximately $499,846.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 34,726 shares of company stock valued at $10,451,306 in the last quarter. Insiders own 0.32% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MELI. FMR LLC increased its holdings in shares of Mercadolibre by 35.7% in the 2nd quarter. FMR LLC now owns 1,454,121 shares of the company’s stock valued at $434,680,000 after purchasing an additional 382,384 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Mercadolibre by 310.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 487,664 shares of the company’s stock valued at $145,778,000 after purchasing an additional 368,989 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Mercadolibre by 247.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 292,491 shares of the company’s stock valued at $87,434,000 after purchasing an additional 208,402 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Mercadolibre by 50.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 350,613 shares of the company’s stock valued at $124,955,000 after purchasing an additional 117,698 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Mercadolibre in the 2nd quarter valued at about $33,946,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

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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