Earnings Preview : Q3 2024 Is Shaping Up To Be An Important Quarter For MercadoLibre ($MELI)

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MercadoLibre (NASDAQ: MELI) has set the date for the release of its third quarter financial results on Wednesday 6th November 2024, after market close. Investors and analysts will have a chance to analyze the company's performance during the quarter.

According to the forecasts of financial experts on Wall Street, the organization is expected to reveal an anticipated $10.59 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $5.27 billion.

Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $20.26 billion. Additionally, they anticipate the earnings per share to reach profit of $37.31 during the fiscal year.

The company's earnings report for the same quarter in the previous year revealed a per-share income of $7.16, attributed to the company's total revenue of $3.76 billion.

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In addition, The firm will review the third quarter financial results on 6th November 2024 at 05:00 PM eastern time, in a conference call with public.

MercadoLibre (MELI) shares experienced a range of $2.00 to $2.00 on a day volume of 342.00 thousand shares. The stock closed Friday's regular trading session at $2.00, demonstrating a 0.00 percent gain.