Earnings Estimates Rising for MercadoLibre (MELI): Will It Gain?

Core Viewpoint - MercadoLibre (MELI) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Current-Quarter Estimate Revisions - The earnings estimate for the current quarter is $7.82 per share, reflecting a year-over-year increase of +15.34% [4]. - Over the past 30 days, the Zacks Consensus Estimate for MercadoLibre has risen by 14.1%, with three estimates moving higher and no negative revisions [4]. Current-Year Estimate Revisions - For the full year, the expected earnings are$ 46.99 per share, indicating a year-over-year change of +24.67% [5]. - The trend for current-year estimate revisions is positive, with six estimates moving higher and no negative revisions, leading to a 6.89% increase in the consensus estimate [5]. Favorable Zacks Rank - MercadoLibre currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on upward earnings estimate revisions [6]. - The Zacks Rank system has a proven track record, with Zacks 1 (Strong Buy) and 2 (Buy) stocks significantly outperforming the S&P 500 [6]. Bottom Line - The stock has gained 9.4% over the past four weeks, driven by solid estimate revisions, suggesting that its earnings growth prospects may lead to further stock price increases [7].