Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Mercadolibre (NASDAQ:MELI) releases its next round of earnings Thursday. Here's Benzinga's essential guide to Mercadolibre's Q4 earnings report.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analysts covering Mercadolibre modeled for quarterly EPS of 52 cents per share on revenue of $404.4 million.
In the same quarter last year, Mercadolibre posted a profit of $1.16 on sales of $256.27 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be down 55.17 percent. Sales would be have grown 57.81 percent from the same quarter last year.
The company's reported EPS has stacked up against analyst estimates in the past like this:
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.74 | 1.05 | 0.78 | 0.92 |
| EPS Actual | 0.63 | 0.61 | 1.1 | 1.16 |
Stock Performance
Over the last 52-week period, shares are up 89.38 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Mercadolibre stock is a Neutral. The strength of this rating has risen over the past 90 days.
Conference Call
Mercadolibre's Q4 is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://www.mercadolibre.com.ar/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.