Cantor Fitzgerald Lowers Earnings Estimates for MercadoLibre

MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Investment analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for MercadoLibre in a research note issued on Wednesday, June 11th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings per share of $44.67 for the year, down from their previous estimate of $48.27. Cantor Fitzgerald has a "Overweight" rating and a $2,700.00 price target on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $43.96 per share. Cantor Fitzgerald also issued estimates for MercadoLibre's FY2026 earnings at $57.07 EPS.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the prior year, the company earned $6.78 EPS. The firm's revenue was up 37.0% compared to the same quarter last year.

MELI has been the topic of several other research reports. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Bank of America increased their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, Susquehanna upped their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus price target of $2,632.50.

MercadoLibre Trading Up 0.1%

MELI stock traded up $3.16 during trading on Friday, reaching $2,371.98. 341,577 shares of the stock were exchanged, compared to its average volume of 385,718. MercadoLibre has a 1 year low of $1,550.00 and a 1 year high of $2,635.88. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $120.25 billion, a price-to-earnings ratio of 62.92, a P/E/G ratio of 1.12 and a beta of 1.51. The business has a 50 day moving average price of $2,330.03 and a 200-day moving average price of $2,072.57.

Institutional Trading of MercadoLibre

A number of hedge funds have recently bought and sold shares of the stock. Key Financial Inc bought a new stake in MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre in the first quarter worth about $25,000. Human Investing LLC acquired a new stake in MercadoLibre during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $26,000. Finally, Covestor Ltd bought a new position in MercadoLibre during the fourth quarter worth about $27,000. 87.62% of the stock is owned by institutional investors.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, 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, as well as allows users to transfer money through their websites or on the apps.