MercadoLibre Q3 earnings preview: Another strong show in the cards
Alfribeiro


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.