MercadoLibre (NASDAQ:MELI – Get Free Report) is scheduled to be announcing its 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. Investors interested in participating in the company’s conference call can do so using this link.
MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.25 EPS. On average, analysts expect MercadoLibre to post $34 EPS for the current fiscal year and $49 EPS for the next fiscal year.
MercadoLibre Stock Performance
Shares of NASDAQ MELI traded up $27.61 during midday trading on Tuesday, reaching $1,465.97. The company had a trading volume of 270,014 shares, compared to its average volume of 382,865. The business’s 50-day simple moving average is $1,516.76 and its 200 day simple moving average is $1,534.06. The stock has a market cap of $74.32 billion, a P/E ratio of 73.61, a P/E/G ratio of 0.94 and a beta of 1.44. MercadoLibre has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on MercadoLibre
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.
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