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MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
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MercadoLibre (MELI - Free Report) closed the most recent trading day at $2,390.14, moving +2.33% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.27%, while the tech-heavy Nasdaq lost 0.07%.
The stock of operator of an online marketplace and payments system in Latin America has fallen by 1.19% in the past month, lagging the Retail-Wholesale sector's gain of 2.5% and the S&P 500's gain of 2.71%.
Investors will be eagerly watching for the performance of MercadoLibre in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $9.88, marking a 26.18% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.17 billion, showing a 35.05% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $44.43 per share and a revenue of $27.78 billion, signifying shifts of +17.88% and +33.72%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for MercadoLibre. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% downward. At present, MercadoLibre boasts a Zacks Rank of #4 (Sell).
Digging into valuation, MercadoLibre currently has a Forward P/E ratio of 52.58. This represents a premium compared to its industry average Forward P/E of 20.17.
We can additionally observe that MELI currently boasts a PEG ratio of 1.52. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Commerce industry currently had an average PEG ratio of 1.55 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
MercadoLibre (MELI - Free Report) closed the most recent trading day at $2,390.14, moving +2.33% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.27%, while the tech-heavy Nasdaq lost 0.07%.
The stock of operator of an online marketplace and payments system in Latin America has fallen by 1.19% in the past month, lagging the Retail-Wholesale sector's gain of 2.5% and the S&P 500's gain of 2.71%.
Investors will be eagerly watching for the performance of MercadoLibre in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $9.88, marking a 26.18% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.17 billion, showing a 35.05% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $44.43 per share and a revenue of $27.78 billion, signifying shifts of +17.88% and +33.72%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for MercadoLibre. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% downward. At present, MercadoLibre boasts a Zacks Rank of #4 (Sell).
Digging into valuation, MercadoLibre currently has a Forward P/E ratio of 52.58. This represents a premium compared to its industry average Forward P/E of 20.17.
We can additionally observe that MELI currently boasts a PEG ratio of 1.52. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Commerce industry currently had an average PEG ratio of 1.55 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 93, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.