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MercadoLibre (MELI) Trades Higher Ahead of Earnings After the Close
More News related to MELI
- Notable Analyst Rating Changes 6/27: EAT, NOVL, DHR, BMY Upgraded; WYNN, MGM, AEO, NOK Downgraded
- Stifel Nicolaus Starts MercadoLibre (MELI) at Buy
- New Analyst Reports for SILICON STORAGE TECHNOLOGY INC, NATUS MEDICAL INC, APOLLO INVESTMENT CORPORATION, and MERCADOLIBRE INC
- AmTech Reiterates Buy on MercadoLibre (MELI); $100 PT
- Pre-Open Movers 5/14: ReneSola (SOL) Higher on Results/Guidance, Deere (DE) Down On Results/Higher Costs
Shares of MercadoLibre (Nasdaq: MELI) are 8% this afternoon ahead of Q1 results due after the close. On average, analysts are looking for EPS of $0.09 and revenues of $26.7 million.
In Q4, MercadoLibre reported that Q4 revenues rose 74% and net income rose 189%. Shares of MELI are up 50% since reporting Q4 results.
Analysts are generally positive on MELI heading into the report. 5 of 6 analysts have Buy ratings.
Mercadolibre hosts an online trading and payments platform in Latin America.
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