Investors focused on the Retail-Wholesale space have likely heard of MercadoLibre (MELI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
MercadoLibre is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MELI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MELI's full-year earnings has moved 27.47% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, MELI has returned 72.14% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 13.54% on average. This shows that MercadoLibre is outperforming its peers so far this year.
Looking more specifically, MELI belongs to the Internet - Commerce industry, a group that includes 28 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 33.36% so far this year, meaning that MELI is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on MELI as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Retail-Wholesale space have likely heard of MercadoLibre (MELI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
MercadoLibre is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. MELI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MELI's full-year earnings has moved 27.47% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, MELI has returned 72.14% so far this year. Meanwhile, stocks in the Retail-Wholesale group have gained about 13.54% on average. This shows that MercadoLibre is outperforming its peers so far this year.
Looking more specifically, MELI belongs to the Internet - Commerce industry, a group that includes 28 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 33.36% so far this year, meaning that MELI is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on MELI as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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