Buy MercadoLibre Stock On This Post-Earnings Dip. Here's What the Market's Missing. [Yahoo! Finance]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance
Shares tumbled more than 16% on Thursday alone in response to the numbers, and are still well down from the pre-earnings peak at the time of this writing. For investors who can look past all the post-earnings noise, however, this pullback is a buying opportunity. The market's ignoring an important detail regarding its recent (and near-future) results. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » MercadoLibre missed its earnings estimates by a country mile, reporting a per-share profit of $7.83 versus a consensus estimate of $10. Although sales grew a firm 37% year over year and per-share income edged a little higher, it just wasn't enough. Soaring spending that led to a marked decline in operating income just rattled investors -- and understandably so. There's more to the story, though. On the off-chance you're reading this and aren't familiar with it, MercadoLibre is an e-commerce name serving the South American
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News
- 3 Unstoppable Multibaggers Up Between 965% and 3,450% Since 2014 to Buy After a Recent Pullback [Yahoo! Finance]Yahoo! Finance
- 2 Stocks That Could Be Easy Wealth Builders [Yahoo! Finance]Yahoo! Finance
- Essendant Expands Digital Offering to Include Mercado Libre, Latin America's Largest Ecommerce MarketplacePR Newswire
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at JPMorgan Chase & Co. from $2,400.00 to $2,150.00. They now have a "neutral" rating on the stock.MarketBeat
- Why We Like The Returns At MercadoLibre (NASDAQ:MELI) [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 11/6/24 - Miss
MELI
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/4/24 - Form SCHEDULE
- MELI's page on the SEC website