Will MercadoLibre (MELI) Beat Estimates Again in Its Next Earnings Report?

Group 1 - MercadoLibre has a strong history of beating earnings estimates, with an average surprise of 11.15% over the last two quarters [1] - In the most recent quarter, MercadoLibre reported earnings of $10.48 per share, exceeding the expected$8.72 per share by 20.18% [1] - The previous quarter also saw a positive surprise, with actual earnings of $6.78 per share compared to an estimate of$6.64 per share, resulting in a surprise of 2.11% [1] Group 2 - Recent estimates for MercadoLibre have been increasing, indicating a positive outlook for future earnings [2] - The Zacks Earnings ESP for MercadoLibre is currently +11.42%, suggesting analysts are optimistic about its near-term earnings potential [3] - Combining the positive Earnings ESP with a Zacks Rank of 2 (Buy) indicates a strong possibility of another earnings beat [3] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2] - It is crucial to check a company's Earnings ESP before quarterly releases to enhance the likelihood of successful investment decisions [4]