MercadoLibre (MELI) Beats Q4 Earnings and Revenue Estimates

Core Insights - MercadoLibre reported quarterly earnings of $12.61 per share, significantly exceeding the Zacks Consensus Estimate of$ 7.26 per share, and up from $3.25 per share a year ago [1] - The earnings surprise for this quarter was 73.69%, following a previous quarter where the company reported earnings of$ 7.83 against an expectation of $11.27, resulting in a surprise of -30.52% [2] - The company achieved revenues of$ 6.06 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.71%, and up from $4.26 billion year-over-year [3] Earnings Performance - Over the last four quarters, MercadoLibre has exceeded consensus EPS estimates three times [2] - The company has also topped consensus revenue estimates in all four of the last quarters [3] Stock Performance - MercadoLibre shares have increased approximately 22.1% since the beginning of the year, outperforming the S&P 500's gain of 4.5% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 6.86 on revenues of $5.39 billion, and for the current fiscal year, it is$ 43.96 on revenues of $25.24 billion [8] - The Internet - Commerce industry, to which MercadoLibre belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook [9]