MercadoLibre (MELI) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - MercadoLibre (MELI) closed at $1,975.19, with a daily gain of +0.45%, outperforming the S&P 500's gain of 0.39% [1] - Over the past month, shares of MercadoLibre increased by 11.02%, surpassing the Retail-Wholesale sector's gain of 8.29% and the S&P 500's gain of 1.7% [2] Earnings Forecast - The upcoming earnings report is anticipated to show an EPS of$ 7.26, reflecting a 123.38% increase from the same quarter last year [3] - Revenue is projected to be $5.84 billion, indicating a 37.11% growth compared to the corresponding quarter of the previous year [3] Analyst Estimates - Recent changes in analyst estimates for MercadoLibre are being closely monitored, as they reflect short-term business dynamics [4] - Positive revisions in estimates suggest analysts' confidence in the company's performance and profit potential [4] Zacks Rank and Valuation - The Zacks Rank system currently rates MercadoLibre as 3 (Hold), with a recent downward shift of 1.54% in the consensus EPS estimate [6] - MercadoLibre has a Forward P/E ratio of 44.74, which is a premium compared to its industry's Forward P/E of 20.55 [7] PEG Ratio - The company has a PEG ratio of 1.04, which is comparable to the Internet - Commerce industry's average PEG ratio of 1.1 [8] Industry Context - The Internet - Commerce industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [9] - Strong industry rankings correlate with performance, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [9]