Mercado Libre (MELI) is the largest e-commerce and payments ecosystem in Latin America. I am bearish on the stock. (See Analysts' Top Stocks on TipRanks) Q3 Earnings Mercado released its third-quarter earnings results in November, and although the firm beat its EPS estimate by $0.63, it missed on its revenue expectation by $30 million. During the quarter, the conglomerate's year-over-year stats were as follows. Net revenues increased by 72.9%, total payment volume by 59%, and gross merchandise volume by 29.7%. Although the firm did produce growing numbers this quarter, it still slowed down in growth versus previous quarters. I anticipate growth to stagnate exponentially going into 2022; the key drivers explain why.
https://www.tipranks.com/news/article/mercado-libre-still-substantially-overvalued?utm_source=advfn.com&utm_medium=referral
MercadoLibre (NASDAQ:MELI)
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