MercadoLibre (MELI) Scheduled to Post Quarterly Earnings on Thursday

MercadoLibre (NASDAQ:MELI - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $6.64 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm posted $3.25 earnings per share. MercadoLibre's quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts expect MercadoLibre to post $34 EPS for the current fiscal year and $49 EPS for the next fiscal year.

MercadoLibre Price Performance

Shares of MELI traded up $20.34 during midday trading on Tuesday, hitting $1,458.70. The company's stock had a trading volume of 547,882 shares, compared to its average volume of 386,104. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $73.96 billion, a price-to-earnings ratio of 73.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The company's fifty day simple moving average is $1,516.76 and its two-hundred day simple moving average is $1,534.06. MercadoLibre has a one year low of $1,063.02 and a one year high of $1,825.00.

Analysts Set New Price Targets

Several research firms recently commented on MELI. JPMorgan Chase & Co. raised their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 27th. Susquehanna upped their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a "positive" rating in a report on Friday, February 23rd. DZ Bank upgraded MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 target price for the company in a research note on Tuesday, April 23rd. UBS Group cut their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Finally, Barclays lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,790.36.

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.