MercadoLibre (MELI) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - MercadoLibre reported $5.31 billion in revenue for Q3 2024, a year-over-year increase of 41.3% [1] - The EPS for the same period was $7.83, compared to $7.16 a year ago, but fell short of the consensus estimate of $11.27, resulting in an EPS surprise of -30.52% [1] Revenue and Earnings Performance - The reported revenue exceeded the Zacks Consensus Estimate of $5.25 billion, representing a surprise of +1.11% [1] - Total payment volume reached $50.69 billion, surpassing the average estimate of $49.23 billion [3] - Gross merchandise volume was $12.91 billion, slightly above the average estimate of $12.79 billion [3] - The number of successful items sold was 456, exceeding the average estimate of 430 [3] Geographic Performance - Revenue from Argentina was $1.03 billion, compared to the average estimate of $1.01 billion, reflecting a year-over-year change of +25.2% [3] Stock Performance - MercadoLibre shares returned +3.8% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]