reports
- Soomit Datta
MELI US (Neutral, TP: $2,000, -5%) MercadoLibre Credit cards drive big...
Top line trends were in-line/slightly ahead, with only a very slight slowdown in local FX GMV. However, there was a miss at both the gross profit level (2.5%) and, to an even greater extent, at operating income (25%, 19% ex-one-off) and net income (18%).
Mercado Libre delivers solid Q3 results posting revenue of $5.3B drive...
Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses Third Quarter 2024 Financial Results Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses Investments in customer experience, technology and logistics increase sales and engagement across Latin America; In Commerce, unique buyers climbed 21% year-on-year, to nearly 61 million, while GMV reached $12.9 billion, rising 14% in dolla...
MercadoLibre, Inc. Reports Third Quarter 2024 Financial Results
MercadoLibre, Inc. Reports Third Quarter 2024 Financial Results Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) () today reported financial results for the quarter ended September 30, 2024, in a Letter to Shareholders, which is now posted to the company’s Investor Relations website . The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the m...
- Soomit Datta
TIM Brasil (Buy, TP: R$23, +43%) - Q3 24: In-line trends, Nubank and p...
TIM has delivered solid Q3s, with a small beat at EBITDAaL combined with lower capex intensity to support very strong OpFCF after leases (+23% y/y) this quarter. Growth trends are naturally easing through the year, which is captured within reiterated FY guidance, though is perhaps spooking the market.
- Josseline Jenssen
- Lorena Reich
MercadoLibre Inc., to Report Third Quarter 2024 Financial Results
MercadoLibre Inc., to Report Third Quarter 2024 Financial Results Montevideo, Oct. 30, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq: MELI) () announces that it intends to release financial results for its third fiscal quarter ending September 30, 2024, on November 6, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at to attend the live...
- Soomit Datta
Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Pl...
Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Plans and Strategic Focus Across Latin America Montevideo, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, launches the latest episode of its podcast series, IR Interviews, “Strategy and Growth Opportunities with Leandro Cuccioli”, Mercado Libre’s Senior VP of CorpDev, Strategy, Sustainability and IR. IR Interviews is a unique space for investors to access the company executives’ strategic views. Hosted by Investor Relations Officer Richa...
- Soomit Datta
NU US (Neutral, TP: $13, -8%) Nubank - Fintech disrupting Telcos? Spo...
Nubank’s MVNO launch in Brazil, first discussed earlier this year, appears imminent based on local press. We don’t think it’s a business model designed to be disruptive to the telcos but given Nubank’s huge scale (80m+ actives in Brazil) it will be worth watching and we model out a scenario analysis here.
- Matthew Weiss
- Michael Gerbino
- Scott Devitt
MELI MERCADOLIBRE INC.
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
EXPE EXPEDIA GROUP INC.
SE SEA ADS
AMZN AMAZON.COM INC.
BKNG BOOKING HOLDINGS INC.
LYFT LYFT
PINS PINTEREST INC. CLASS A
UBER UBER TECHNOLOGIES INC.
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
YOU CLEAR SECURE INC
CART MAPLEBEAR INC.
- Soomit Datta
MercadoLibre (Neutral, TP: $2,000, +2%) - Credit card headwinds; comps...
Revisiting (and remodeling) MercadoLibre’s lending business, Credito, gives us more insight into credit card economics. In the very near-term, as low/zero NIMAL credit cards proliferate, group profitability will remain under some pressure; consensus NIMAL expectations of >30% for the coming years look exposed – we’re at 26% in 2025.
- Wedbush Research
TRIP TRIPADVISOR INC.
PRGS PROGRESS SOFTWARE CORPORATION
NVCR NOVOCURE LTD.
MELI MERCADOLIBRE INC.
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
EXPE EXPEDIA GROUP INC.
DRI DARDEN RESTAURANTS INC.
MRSN MERSANA THERAPEUTICS
VTR VENTAS INC.
SE SEA ADS
AMZN AMAZON.COM INC.
AAPL APPLE INC.
BKNG BOOKING HOLDINGS INC.
EPRT ESSENTIAL PROPERTIES REALTY TRUST
YMAB Y-MABS THERAPEUTICS
STRO SUTRO BIOPHARMA
LYFT LYFT
PINS PINTEREST INC. CLASS A
UBER UBER TECHNOLOGIES INC.
RVMD REVOLUTION MEDICINES
BDTX BLACK DIAMOND THERAPEUTICS
ORIC ORIC PHARMACEUTICALS
ZNTL ZENTALIS PHARMACEUTICALS
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
CGEM CULLINAN ONCOLOGY INC
DAWN DAY ONE BIOPHARMACEUTICALS INC
ELEV ELEVATION ONCOLOGY
FHTX FOGHORN THERAPEUTICS
TCRX TSCAN THERAPEUTICS INC
NUVL NUVALENT INC
ANRO ALTO NEUROSCIENCE INC
BNL BROADSTONE NET LEASE INC
RBRK RUBRIK INC
- Matthew Weiss
- Michael Gerbino
- Scott Devitt
- Wedbush Research
TRIP TRIPADVISOR INC.
TOL TOLL BROTHERS INC.
MELI MERCADOLIBRE INC.
LOW LOWE'S COMPANIES INC.
HD HOME DEPOT INC.
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
EXPE EXPEDIA GROUP INC.
SE SEA ADS
AMZN AMAZON.COM INC.
BKNG BOOKING HOLDINGS INC.
LYFT LYFT
PINS PINTEREST INC. CLASS A
UBER UBER TECHNOLOGIES INC.
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
- Matthew Weiss
- Michael Gerbino
- Scott Devitt
- Wedbush Research
PHM PULTEGROUP INC.
KMX CARMAX INC.
XENE XENON PHARMACEUTICALS INC
TRIP TRIPADVISOR INC.
SAGE SAGE THERAPEUTICS INC.
PANW PALO ALTO NETWORKS INC.
NRZ NEW RESIDENTIAL INVESTMENT CORP.
NBIX NEUROCRINE BIOSCIENCES INC.
MELI MERCADOLIBRE INC.
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
EXPE EXPEDIA GROUP INC.
BIIB BIOGEN INC.
ARDX ARDELYX INC
SE SEA ADS
AMZN AMAZON.COM INC.
BKNG BOOKING HOLDINGS INC.
NICE NICE LTD
LYFT LYFT
PINS PINTEREST INC. CLASS A
UBER UBER TECHNOLOGIES INC.
STOK STOKE THERAPEUTICS
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
LBPH LONGBOARD PHARMACEUTICALS
TTD THE TRADE DESK
PL INC.
YOU PLANET LABS PBC
EWTX CLEAR SECURE INC
RUM EDGEWISE THERAPEUTICS INC
EMBRAC B RUMBLE INC
CART EMBRACER GROUP AB
MAPLEBEAR INC.
- Matthew Weiss
- Michael Gerbino
- Scott Devitt
TRIP TRIPADVISOR INC.
MELI MERCADOLIBRE INC.
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
EXPE EXPEDIA GROUP INC.
SE SEA ADS
AMZN AMAZON.COM INC.
BKNG BOOKING HOLDINGS INC.
LYFT LYFT
PINS PINTEREST INC. CLASS A
UBER UBER TECHNOLOGIES INC.
DASH DOORDASH
ABNB AIRBNB INC. CLASS A
TTD THE TRADE DESK
YOU INC.
RUM CLEAR SECURE INC
CART RUMBLE INC
MAPLEBEAR INC.
- Soomit Datta
NU US (Neutral, TP: $12.5, -2%) Nu Holdings Q2 24 Quick Take: In-line...
NU reported numbers after close which, after some heroic recent quarters, had some more moderated trends. Revenue was in-line - or a slight miss depending on which consensus you look at - originations slowed, loans missed expectations, whilst NPLs were up as expected (partly due to seasonality). NII was in-line with our expectations. Notably Mexico continues to run an ever lower loan to deposit ratio, with deposit success far outpacing loan expansion at this stage.
- Matthew Weiss
- Michael Gerbino
- Scott Devitt
- Wedbush Research
GEO GEO GROUP INC. (THE)
SHAK SHAKE SHACK INC. CLASS A
WEN WENDY'S COMPANY
WDC WESTERN DIGITAL CORPORATION
TSLA TESLA INC
SIMON SILICON MOTION TECHNOLOGY CORPORATION SPONSORED ADR
RWT REDWOOD TRUST INC.
RARE ULTRAGENYX PHARMACEUTICAL INC.
PSTG PURE STORAGE INC. CLASS A
NVDA NVIDIA CORPORATION
NTAP NETAPP INC.
MU MICRON TECHNOLOGY INC.
MELI MERCADOLIBRE INC.
INTC INTEL CORPORATION
GOOGL ALPHABET INC. CLASS A
FB FACEBOOK INC. CLASS A
CXW CORECIVIC INC.
BZH BEAZER HOMES USA INC.
BIIB BIOGEN INC.
AXTI AXT INC.
ARDX ARDELYX INC
2330 TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.
2303 UNITED MICROELECTRONICS CORP.
CVCO CAVCO INDUSTRIES INC.
FND FLOOR & DECOR HOLDINGS INC. CLASS A
ROKU ROKU INC. CLASS A
AMZN AMAZON.COM INC.
AMD ADVANCED MICRO DEVICES INC.
AAPL APPLE INC.
MSFT MICROSOFT CORPORATION
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
BKNG BOOKING HOLDINGS INC.
DNLI DENALI THERAPEUTICS INC
PINS PINTEREST INC. CLASS A
CRWD CROWDSTRIKE HOLDINGS INC. CLASS A
SMCI SUPER MICRO COMPUTER
CRSR INC.
TVTX CORSAIR GAMING
RKT TRAVERE THERAPEUTICS INC
DASH ROCKET COMPANIES
LSEA DOORDASH
PLTR LANDSEA HOMES CORP (A)
RBLX PALANTIR TECHNOLOGIES
LBPH ROBLOX
STX LONGBOARD PHARMACEUTICALS
GFS SEAGATE TECHNOLOGY HLDGS PLC
SKLZ GLOBALFOUNDRIES INC
SKILLZ INC
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