Reported 5 months ago
The article discusses why MercadoLibre, Inc. (MELI) has been trending as a popular stock on Zacks.com recently. It highlights the stock's recent performance in comparison to the Zacks S&P 500 composite and the Zacks Internet - Commerce industry, emphasizing the importance of earnings estimates revisions in influencing stock prices. The article also covers MercadoLibre's expected earnings for the current and next fiscal years, revenue growth estimates, last reported results, surprise history, and valuation metrics. Overall, the Zacks Rank #3 (Hold) for MercadoLibre indicates that it may perform in line with the broader market in the near term.
Source: YAHOO