MercadoLibre (MELI) Expected to Announce Earnings on Thursday

MercadoLibre (NASDAQ:MELI - Get Free Report) is expected to release its Q4 2024 earnings data after the market closes on Thursday, February 20th. Analysts expect MercadoLibre to post earnings of $10.21 per share and revenue of $5.94 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 7.57% and a return on equity of 40.71%. On average, analysts expect MercadoLibre to post $33 EPS for the current fiscal year and $44 EPS for the next fiscal year.

MercadoLibre Price Performance

Shares of MELI traded up $153.68 during mid-day trading on Friday, reaching $2,264.15. 868,479 shares of the stock traded hands, compared to its average volume of 359,157. The firm has a fifty day moving average price of $1,858.57 and a 200 day moving average price of $1,952.94. The company has a market cap of $114.79 billion, a price-to-earnings ratio of 80.00, a price-to-earnings-growth ratio of 1.10 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. MercadoLibre has a 1 year low of $1,324.99 and a 1 year high of $2,374.54.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MELI. Barclays boosted their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley cut their target price on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $2,364.06.

Insiders Place Their Bets

In other news, Director Emiliano Calemzuk sold 50 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now directly owns 238 shares of the company's stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

MercadoLibre Company Profile

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.