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MercadoLibre (MELI) Falls More Steeply Than Broader Market: What Investors Need to Know
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MercadoLibre (MELI - Free Report) closed the most recent trading day at $1,809.20, moving -2.78% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
The operator of an online marketplace and payments system in Latin America's shares have seen an increase of 13.51% over the last month, surpassing the Retail-Wholesale sector's gain of 13.14% and the S&P 500's gain of 9.71%.
The upcoming earnings release of MercadoLibre will be of great interest to investors. The company's earnings per share (EPS) are projected to be $9.73, reflecting a 0.1% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $8.41 billion, reflecting a 41.76% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $50.05 per share and a revenue of $38.81 billion, signifying shifts of +27.03% and +34.32%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for MercadoLibre. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.32% lower. MercadoLibre currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, MercadoLibre is holding a Forward P/E ratio of 37.18. This denotes a premium relative to the industry average Forward P/E of 17.61.
We can additionally observe that MELI currently boasts a PEG ratio of 0.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Commerce industry stood at 0.92 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 178, placing it within the bottom 28% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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MercadoLibre (MELI) Falls More Steeply Than Broader Market: What Investors Need to Know
MercadoLibre (MELI - Free Report) closed the most recent trading day at $1,809.20, moving -2.78% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
The operator of an online marketplace and payments system in Latin America's shares have seen an increase of 13.51% over the last month, surpassing the Retail-Wholesale sector's gain of 13.14% and the S&P 500's gain of 9.71%.
The upcoming earnings release of MercadoLibre will be of great interest to investors. The company's earnings per share (EPS) are projected to be $9.73, reflecting a 0.1% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $8.41 billion, reflecting a 41.76% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $50.05 per share and a revenue of $38.81 billion, signifying shifts of +27.03% and +34.32%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for MercadoLibre. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.32% lower. MercadoLibre currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, MercadoLibre is holding a Forward P/E ratio of 37.18. This denotes a premium relative to the industry average Forward P/E of 17.61.
We can additionally observe that MELI currently boasts a PEG ratio of 0.9. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Commerce industry stood at 0.92 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 178, placing it within the bottom 28% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.