- MercadoLibre ( NASDAQ: MELI ) is scheduled to announce Q3 earnings results on Thursday, Nov. 3, after market close.
- The consensus EPS estimate is $2.49 and the consensus revenue estimate is $2.69B (+44.6% Y/Y).
- Over the last 3 months, EPS estimates have seen 6 upward revisions and 0 downward. Revenue estimates have seen 7 upward revisions and 2 downward.
- MercadoLibre ( MELI ) stock gained after the Argentine e-commerce giant posted stronger-than-expected Q2 results , fueled by growth in the Mexican market. Its total payment volume crossed $30B for the first time ever.
- SA contributor Julian Lin in a bullish analysis said MercadoLibre ( MELI ) - also called the Amazon of Latin America - presents compelling value due to its dominant market position, strong growth rates and cheap stock price .
- Shares of MercadoLibre ( MELI ) fell 33.2% YTD, but outperformed the Nasdaq Internet index .
For further details see:
MercadoLibre Q3 earnings preview: Another strong show in the cards