MercadoLibre, Inc. (NASDAQ:MELI) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 3532.10 million, while looking forward to income of $ 1.10 per share.
Previous Quarter Performance
MercadoLibre, Inc. unfold income for the second quarter of $ 1.11 per share, from the revenue of $ 878.37 million. The quarterly earnings elevated 258.06 percent while revenues swell 61.10 percent compared with the same quarter last year. The top line results outshined analysts by $ 118.84 million or 15.65 percent.
Stock Performance
Shares of MercadoLibre, Inc. traded up $ 18.11 or 1.49 percent on Tuesday, reaching $ 1,233.97 with volume of 330.20 thousand shares. MercadoLibre, Inc. has traded high as $ 1,242.02 and has cracked $ 1,196.63 on the downward trend
According to the previous trading day, closing price of $ 1,233.97, representing a 187.97 % increase from the 52 week low of $ 422.22 and a 11.8 % decrease over the 52 week high of $ 1378.50.
The company has a market capital of $ 61.34 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Barclays at Overweight rating, with $ 1350.00 target price.
- On 28th September 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 1350.00 target price.
Conference Call
MercadoLibre, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mercadolibre.com
MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.
