Is MercadoLibre (MELI) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth stocks, such as MercadoLibre, are appealing due to their potential for above-average financial growth, but identifying the right ones can be challenging due to associated risks and volatility [1] Group 1: Earnings Growth - MercadoLibre has a historical EPS growth rate of 201.7%, with projected EPS growth of 92.2% for the current year, significantly outperforming the industry average of 26.8% [3] Group 2: Cash Flow Growth - The year-over-year cash flow growth for MercadoLibre is 70.7%, compared to an industry average of -3%. The company's annualized cash flow growth rate over the past 3-5 years is 136.1%, against the industry average of 7.5% [4] Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for MercadoLibre, with the Zacks Consensus Estimate for the current year increasing by 6.2% over the past month [5] Group 4: Overall Assessment - MercadoLibre has achieved a Growth Score of A and a Zacks Rank of 2, indicating it is a strong candidate for growth investors [6]