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Investors focused on the Retail-Wholesale space have likely heard of MercadoLibre (MELI), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.
MercadoLibre is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MELI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MELI's full-year earnings has moved 1,066.04% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MELI has returned about 10.28% since the start of the calendar year. Meanwhile, stocks in the Retail-Wholesale group have lost about 3.72% on average. This means that MercadoLibre is performing better than its sector in terms of year-to-date returns.
Breaking things down more, MELI is a member of the Internet - Commerce industry, which includes 39 individual companies and currently sits at #198 in the Zacks Industry Rank. On average, this group has lost an average of 23.87% so far this year, meaning that MELI is performing better in terms of year-to-date returns.
Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to MELI as it looks to continue its solid performance.
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MercadoLibre, Inc. (MELI) : Free Stock Analysis Report
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