Cantor Fitzgerald Expects Reduced Earnings for MercadoLibre

MercadoLibre, Inc. (NASDAQ:MELI - Free Report) - Equities research analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of MercadoLibre in a research report issued to clients and investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings of $46.58 per share for the year, down from their prior forecast of $51.35. Cantor Fitzgerald has a "Overweight" rating and a $2,400.00 price target on the stock. The consensus estimate for MercadoLibre's current full-year earnings is $43.96 per share.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion.

Several other research firms have also commented on MELI. Barclays upped their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Benchmark began coverage on MercadoLibre in a research note on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 price objective on the stock. Morgan Stanley cut their price objective on MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group raised their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, MercadoLibre presently has an average rating of "Buy" and a consensus target price of $2,415.94.

MercadoLibre Stock Performance

MELI stock traded up $20.63 during trading on Friday, reaching $2,148.96. The stock had a trading volume of 200,463 shares, compared to its average volume of 384,896. The firm has a market cap of $108.95 billion, a PE ratio of 57.00, a PEG ratio of 1.12 and a beta of 1.62. 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 stock's 50 day moving average is $2,045.33 and its two-hundred day moving average is $1,961.90. MercadoLibre has a 52 week low of $1,341.00 and a 52 week high of $2,374.54.

Institutional Trading of MercadoLibre

A number of large investors have recently added to or reduced their stakes in MELI. Human Investing LLC purchased a new stake in MercadoLibre during the fourth quarter valued at $26,000. Park Square Financial Group LLC purchased a new position in MercadoLibre in the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. increased its stake in MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares during the last quarter. Finally, Covestor Ltd purchased a new position in shares of MercadoLibre in the 4th quarter worth approximately $27,000. Institutional investors own 87.62% of the company's stock.

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.