Mercadolibre Earnings: Here’s Why Investors are Happy Now

Mercadolibre, Inc. (NASDAQ:MELI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 11.14%.

Mercadolibre, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.54% to $0.67 in the quarter versus EPS of $0.57 in the year-earlier quarter.

Revenue: Rose 26.29% to $112.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mercadolibre, Inc. reported adjusted EPS income of $0.67 per share. By that measure, the company beat the mean analyst estimate of $0.62. It beat the average revenue estimate of $107.62 million.

Quoting Management: Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc., commented, “Our strong performance this quarter validates the strength of our ecosystem and highlights our ability to execute on our strategic initiatives. We continue to focus on improving the user experience on our platform, making it easier for consumers in the region to transition to on-line commerce, reflected in this second consecutive quarter of accelerating growth in sold items. We are pleased with our results thus far, and remain excited about the opportunity ahead of us.”

Key Stats (on next page)…

Revenue increased 9.22% from $102.73 million in the previous quarter. EPS increased 26.42% from $0.53 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.7 to a profit $0.75. For the current year, the average estimate has moved up from a profit of $2.71 to a profit of $2.8 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]