MakeMyTrip (MMYT) closed the most recent trading day at $78.63, moving -4.7% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.65%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 0.82%.
The online travel company's shares have seen an increase of 5.09% over the last month, surpassing the Computer and Technology sector's loss of 1.6% and the S&P 500's gain of 1.15%.
Investors will be eagerly watching for the performance of MakeMyTrip in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.43, marking a 10.26% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $313.62 million, reflecting a 17.3% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.62 per share and revenue of $1.11 billion. These totals would mark changes of +3.85% and +13.49%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for MakeMyTrip. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MakeMyTrip is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, MakeMyTrip is presently being traded at a Forward P/E ratio of 50.93. This indicates a premium in contrast to its industry's Forward P/E of 14.33.
The Internet - Delivery Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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MakeMyTrip Limited (MMYT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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