Earnings Outlook For MercadoLibre
Portfolio Pulse from Benzinga Insights
MercadoLibre (NASDAQ:MELI) is set to release its quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $4.13. The company's past performance shows a pattern of beating EPS estimates, but this has sometimes been followed by a drop in share price. Shares of MercadoLibre were trading at $1238.05 as of July 31, with a 52-week increase of 35.64%.
August 04, 2023 | 9:50 am
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MercadoLibre is expected to report an EPS of $4.13 in its upcoming earnings. The company's past performance shows a trend of beating EPS estimates, but this has sometimes led to a drop in share price.
The upcoming earnings report is a significant event for MercadoLibre. While the company has a history of beating EPS estimates, this has sometimes resulted in a drop in share price. Therefore, the impact on the stock price could go either way depending on the actual earnings and the market's reaction.
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