MercadoLibre's Advertising Business Keeps Gaining Momentum
Yahoo Finance ·
MercadoLibre, which competes with Amazon.com, Inc. AMZN and Sea Limited SE, has seen its shares gain 14.9% over the past three months compared with the industry's 8.2% rise. While Amazon shares have climbed 10.4%, Sea Limited has rallied 11.8% in the aforementioned period. From a valuation standpoint, MercadoLibre's forward 12-month price-to-earnings (P/E) ratio is 35.41, higher than the industry average of 20.56. The stock is also trading above its 12-month median level of 34.46. MercadoLibre is trading at a premium to Amazon (forward 12-month P/E of 23.07) and Sea Limited (20.62). The Zacks Consensus Estimate for MercadoLibre's current fiscal-year sales implies 44.6% year-over-year growth, while the consensus estimate for earnings per share suggests a 0.7% decline. For the next fiscal year, the consensus estimate indicates a 28.9% rise in sales and 43.3% growth in earnings. MELI currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Sea Limited Sponsored ADR (SE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
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