MercadoLibre (MELI) to Release Earnings on Thursday

MercadoLibre (NASDAQ:MELI - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect MercadoLibre to post earnings of $7.82 per share and revenue of $5.55 billion for the quarter.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.94 billion. On average, analysts expect MercadoLibre to post $44 EPS for the current fiscal year and $63 EPS for the next fiscal year.

MercadoLibre Stock Performance

NASDAQ MELI traded up $31.89 during trading hours on Tuesday, reaching $2,240.29. The company's stock had a trading volume of 51,033 shares, compared to its average volume of 420,513. The stock has a market cap of $113.58 billion, a PE ratio of 59.42, a PEG ratio of 1.12 and a beta of 1.62. The business has a 50-day simple moving average of $2,053.02 and a 200 day simple moving average of $1,965.98. MercadoLibre has a 52 week low of $1,427.95 and a 52 week high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

MELI has been the subject of a number of analyst reports. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. Barclays upped their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Susquehanna lifted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. Finally, Benchmark began coverage on MercadoLibre in a research report on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $2,464.67.

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.