MercadoLibre (MELI) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - MercadoLibre (MELI) closed at $1,799.42, reflecting a -1.89$7.89 per share, indicating a year-over-year growth of 142.77%, with revenue expected to reach $5.9 billion, up 38.44% from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for MercadoLibre suggest positive revisions, indicating analysts' confidence in the company's business performance and profit potential [3] - The Zacks Consensus EPS estimate has decreased by 0.62% in the past month, and MercadoLibre currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - MercadoLibre has a Forward P/E ratio of 41.08, which is a premium compared to its industry's Forward P/E of 24.17 [5] - The company has a PEG ratio of 0.96, which is lower than the Internet - Commerce industry's average PEG ratio of 1.25 [6] Industry Context - The Internet - Commerce industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 80, placing it in the top 32% of over 250 industries [6][7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]