MercadoLibre (MELI) is scheduled to release its second-quarter 2024 results on Aug 1. For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $4.76 billion, suggesting a rise of 39.5% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for second-quarter earnings is pegged at $8.94 per share, suggesting a jump of 73.3% from the year-ago reported figure. The estimate has been unchanged over the past 30 days. Image Source: Zacks Investment Research MercadoLibre ha ...

The Latin American commerce giant has lagged the market, but could now be time to buy?Latin America-based commerce giant MercadoLibre (MELI 1.63%) has taken investors on a bit of a rollercoaster ride so far in 2024 but is up by less than 5% from where it started the year. While this is certainly better than being in the red for the year, it is about 10 percentage points less than the S&P 500's year-to-date return.Despite the underperformance, MercadoLibre's business has actually performed quite well recentl ...

Montevideo, July 25, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; July 25, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its second fiscal quarter ending June 30, 2024, on August 1, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on August 1, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, ana ...

MercadoLibre (MELI) shares have grown 3% year to date, underperforming the industry and the S&P 500 index’s rise of 13% and 14.1%, respectively. The MELI stock is also currently trading below its 50-day moving average, indicating a bearish trend.The company is suffering from market uncertainties, high inflation and weakening macro conditions in Argentina. Mounting expenses related to warehousing and shipping are hurting its margin expansion.Although MercadoLibre has a strong foothold in the online retail ma ...

Mercadolibre's stock is not for every investor.Investors in Mercadolibre Inc (MELI 3.08%), a leading e-commerce company in Latin America, have had a great time as the stock appreciated by more than 160% in the last five years. Solid growth in its e-commerce and fintech businesses has been the main driver of its stock performance.Potential investors might consider investing in the company to ride the e-commerce-penetration tailwind in Latin America. But before they commit their hard-earned capital, there are ...

It's not necessarily a surprising development, but it is noteworthy nonetheless.There's a clear heavyweight advertising champion in Latin America, and it's not even particularly close: MercadoLibre (MELI 3.08%) is trouncing Amazon (AMZN -0.29%) in this category. One research group predicts the former's advertising business will continue to skyrocket over the next few years, as I'll explain. And it shouldn't come as any surprise to anyone who knows how retail media works.MercadoLibre has multiple segments. B ...

UiPath and MercadoLibre both have immense upside.Missing out on Nvidia (NASDAQ: NVDA) has likely been a frustrating experience for many investors. Although most people have exposure to it indirectly through index funds, it's nothing compared to owning the stock directly.However, I've got two stocks with substantial upside potential that might be able to make up for some of the performance you've missed out on by not owning Nvidia directly.UiPathFirst is UiPath (PATH 2.27%). In a year when nearly any stock a ...

This e-commerce leader is well-positioned to grow in the coming years.One of the most remarkable companies in the last two decades is arguably Amazon, which rode the e-commerce tailwind to great success.While the e-commerce tailwind is ongoing, investors will likely not make enormous gains with Amazon's stock. After all, the company is already worth more than $2 trillion in market capitalization.The good news is that there are other smaller but well-established e-commerce companies that investors can keep a ...

NosUA About three months ago, I published my first article on MercadoLibre (NASDAQ:MELI), whose shares were trading around $1,360 apiece at the time. I was of the opinion that the contraction in margins in the fourth quarter was probably a one-off event and that the company was very well positioned for the long term with its investments. My discounted free cash flow valuation model [DCF] indicated an undervaluation of at least 40%. Over the last three months, the stock is up 21.6%, almost twice as much ...

The Latin American e-commerce company has a lot of growth potential, which could make it look like a bargain in the years ahead.MercadoLibre (MELI -1.05%) is often compared to Amazon for its strong success in the e-commerce market. A focus on Latin America -- with its developing markets that have attractive prospects -- has made it an intriguing growth stock to own.And over the past five years, the stock's 150% return has blown past Amazon, which is up by around 97% during the same time frame. But some inve ...