MercadoLibre (MELI) Stock Trades Down, Here Is Why [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
The main reason was that it missed on operating income margin because it ramped up investments in its credit and logistics businesses. Ramping up loan originations leads to the recognition of the allowance for doubtful accounts upfront (the expected losses on the loans). However, the new loan originations came from credit cards and moving up-market to higher-quality customers. Because these new accounts have lower default risk, the yields are lower and result in a lower blended NIMAL spread (aka margins). However, the new loans are additive to overall profit dollars, lower the risk of the broader credit portfolio, and increase MELI's market share and stickiness/wallet share with customers. On the other hand, MercadoLibre delivered impressive revenue growth this quarter. Overall, the stock is reacting to the bottom line miss. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy MercadoLibre? Acce
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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