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MercadoLibre Gains on Strong EPS Beat, Analyst Says There's 'A Lot to Like'

By Senad Karaahmetovic Shares of MercadoLibre (NASDAQ:MELI) are trading higher in premarket Thursday after the company delivered strong Q2 results. MELI reported EPS of $2.43 on...
MercadoLibre Gains on Strong EPS Beat, Analyst Says There's 'A Lot to Like' © Reuters MercadoLibre Gains on Strong EPS Beat, Analyst Says There's 'A Lot to Like'

By Senad Karaahmetovic

Shares of MercadoLibre (NASDAQ:MELI) are trading higher in premarket Thursday after the company delivered strong Q2 results.

MELI reported EPS of $2.43 on sales of $2.6 billion to top the analyst consensus of $2.02 on revenue of $2.5 billion.

MercadoLibre also reported a Payment volume of $30.19 billion to crush the analyst estimate of $26.81 billion. Payment transactions also easily topped analyst estimates.

A BTIG analyst said there’s “a lot to like” in MELI’s Q2 results, including market share gains, TPV growth, and better credit margins. The analyst hiked the price target to $1,215 from $1,040.

“As was the case last quarter, MELI impressed with strong execution, delivering upside in transaction payment volumes (TPV), credit and profitability… Overall, we believe investors should have little to quibble with given market share gains while also delivering strong profitability. We view MELI as only getting stronger with each passing quarter,” the analyst said in a client note.

A Credit Suisse analyst reiterated an Outperform rating and hiked the price target to $1,470 per share from $1,430 on strong fintech and credit outperformance.

“We maintain our Outperform rating on the following: 1) take rate/monetization rise from ~16% to ~20% of GMV, and ~5% to ~6% of TPV over the next several years, 2) potential to consolidate market share amidst rising adoption of ecommerce, 3) optionality to layer on incremental sources of Payments revenue,” the analyst wrote in a research note.

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16-08-2022 20:01:45 (UTC+7)

EUR/USD

1.0146

-0.0014 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0146

-0.0014 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2052

-0.0002 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

USD/JPY

134.59

+1.26 (+0.95%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (2)

AUD/USD

0.7001

-0.0022 (-0.31%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

USD/CAD

1.2890

-0.0014 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

EUR/JPY

136.55

+1.10 (+0.81%)

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↑ Buy

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Buy (12)

Sell (0)

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Buy (9)

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EUR/CHF

0.9641

+0.0027 (+0.28%)

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Sell

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Sell (6)

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Buy (1)

Sell (6)

Gold Futures

1,788.45

-9.65 (-0.54%)

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Silver Futures

19.957

-0.315 (-1.55%)

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Neutral

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Copper Futures

3.6215

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Crude Oil WTI Futures

89.48

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Brent Oil Futures

94.96

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Natural Gas Futures

9.316

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US Coffee C Futures

223.85

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Buy (1)

Sell (7)

Euro Stoxx 50

3,792.35

+2.73 (+0.07%)

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Neutral

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S&P 500

4,297.14

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DAX

13,843.02

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FTSE 100

7,548.15

+39.00 (+0.52%)

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Sell (12)

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Sell (8)

Hang Seng

19,830.52

-210.34 (-1.05%)

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Buy (9)

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US Small Cap 2000

2,020.40

+7.30 (+0.36%)

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IBEX 35

8,482.83

+55.83 (+0.66%)

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Sell (12)

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Sell (8)

BASF SE NA O.N.

44.182

+0.122 (+0.28%)

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Neutral

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Buy (6)

Sell (1)

Bayer AG NA

54.05

+0.49 (+0.91%)

Summary

↑ Sell

Moving Avg:

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Sell (8)

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Buy (0)

Sell (8)

Allianz SE VNA O.N.

179.57

+0.79 (+0.44%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

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Sell (2)

Adidas AG

170.65

-2.29 (-1.32%)

Summary

Buy

Moving Avg:

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Sell (6)

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Buy (6)

Sell (1)

Deutsche Lufthansa AG

6.723

-0.011 (-0.16%)

Summary

Neutral

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Buy (9)

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Siemens AG Class N

111.23

-0.97 (-0.86%)

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Sell

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Deutsche Bank AG

8.988

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Summary

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Sell (4)

Indicators:

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Sell (0)

    EUR/USD 1.0146 ↑ Buy  
    GBP/USD 1.2052 ↑ Buy  
    USD/JPY 134.59 ↑ Buy  
    AUD/USD 0.7001 ↑ Buy  
    USD/CAD 1.2890 ↑ Sell  
    EUR/JPY 136.55 ↑ Buy  
    EUR/CHF 0.9641 Sell  
    Gold 1,788.45 ↑ Sell  
    Silver 19.957 Neutral  
    Copper 3.6215 ↑ Buy  
    Crude Oil WTI 89.48 ↑ Sell  
    Brent Oil 94.96 ↑ Sell  
    Natural Gas 9.316 ↑ Buy  
    US Coffee C 223.85 ↑ Sell  
    Euro Stoxx 50 3,792.35 Neutral  
    S&P 500 4,297.14 Neutral  
    DAX 13,843.02 Neutral  
    FTSE 100 7,548.15 ↑ Sell  
    Hang Seng 19,830.52 ↑ Buy  
    Small Cap 2000 2,020.40 ↑ Buy  
    IBEX 35 8,482.83 ↑ Sell  
    BASF 44.182 Neutral  
    Bayer 54.05 ↑ Sell  
    Allianz 179.57 Neutral  
    Adidas 170.65 Buy  
    Lufthansa 6.723 Neutral  
    Siemens AG 111.23 Sell  
    Deutsche Bank AG 8.988 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,580/ 6,680
(-10/ -10) # 1,639
SJC HCM6,600/ 6,700
(-10/ -10) # 1,659
SJC Hanoi6,600/ 6,702
(-10/ -10) # 1,661
SJC Danang6,600/ 6,702
(-10/ -10) # 1,661
SJC Nhatrang6,600/ 6,702
(-10/ -10) # 1,661
SJC Cantho6,600/ 6,702
(-10/ -10) # 1,661
Cập nhật 16-08-2022 20:01:48
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,773.33 -5.15 -0.29%
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ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI $88.93 -1.13 -1.28%
Brent $94.52 -1.56 -1.68%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.230,0023.540,00
EUR23.145,5524.441,71
GBP27.456,8428.627,78
JPY171,08181,12
KRW15,4318,80
Cập nhật lúc 18:54:08 16/08/2022
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