Company Performance - MakeMyTrip (MMYT) closed at $105.92, down 0.66% from the previous trading session, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, shares of MakeMyTrip gained 14.24%, outperforming the Computer and Technology sector's loss of 7.14% and the S&P 500's loss of 4.03% [1] Financial Expectations - MakeMyTrip is expected to report EPS of $0.42, reflecting a 10.53% increase from the prior-year quarter, with quarterly revenue projected at $246.18 million, up 21.34% from the year-ago period [2] - For the full year, earnings are projected at $1.59 per share and revenue at $979.28 million, indicating increases of 30.33% and 25.14% respectively from the previous year [3] Analyst Sentiment - Recent changes to analyst estimates for MakeMyTrip indicate optimism about the company's business and profitability, with positive revisions reflecting near-term business trends [3] - The Zacks Rank system, which incorporates estimate changes, currently rates MakeMyTrip at 3 (Hold) [5] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 67.27, significantly higher than the industry's average Forward P/E of 21.43 [6] - The company also has a PEG ratio of 10.97, compared to the Internet - Delivery Services industry's average PEG ratio of 1.46 [6] Industry Context - The Internet - Delivery Services industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 78, placing it in the top 32% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on MakeMyTrip (MMYT), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][5][10]. Group 1: Brokerage Recommendations for MakeMyTrip - MakeMyTrip has an average brokerage recommendation (ABR) of 1.36, indicating a consensus between Strong Buy and Buy, with 71.4% of recommendations being Strong Buy and 14.3% being Buy [2][5]. - The ABR suggests a buying opportunity for MakeMyTrip, but relying solely on this information may not be advisable due to the historical ineffectiveness of brokerage recommendations in guiding investors [5][10]. Group 2: Analyst Bias and Zacks Rank - Brokerage analysts tend to exhibit a strong positive bias in their ratings, often issuing five Strong Buy recommendations for every Strong Sell, which can mislead investors [6][10]. - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to the ABR [8][11]. Group 3: Current Earnings Estimates for MakeMyTrip - The Zacks Consensus Estimate for MakeMyTrip remains unchanged at $1.59 for the current year, suggesting stable analyst views on the company's earnings prospects [13]. - Due to the unchanged consensus estimate and other factors, MakeMyTrip currently holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [14].

Group 1 - The stock of MakeMyTrip Limited (MMYT) is experiencing significant attention due to high implied volatility in the options market, particularly for the Apr 17, 2025 $45.00 Call option [1] - Implied volatility indicates the market's expectation of future movement, suggesting that investors anticipate a substantial price change or an upcoming event that could lead to a major rally or sell-off [2] - MakeMyTrip currently holds a Zacks Rank 4 (Sell) in the Internet - Delivery Services industry, with no analysts increasing earnings estimates for the current quarter, resulting in a decrease from 43 cents to 42 cents per share in the Zacks Consensus Estimate [3] Group 2 - The high implied volatility surrounding MakeMyTrip may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility to capture decay [4]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on MakeMyTrip (MMYT), and highlights the potential misalignment of interests between brokerage firms and retail investors [1][4][9]. Group 1: Brokerage Recommendations for MakeMyTrip - MakeMyTrip has an average brokerage recommendation (ABR) of 1.36, indicating a consensus between Strong Buy and Buy, with 71.4% of recommendations being Strong Buy and 14.3% being Buy [2][4]. - The article emphasizes that while the ABR suggests a buying opportunity, it may not be prudent to rely solely on this metric for investment decisions due to the limited success of brokerage recommendations in predicting stock price increases [4][9]. Group 2: Limitations of Brokerage Recommendations - Brokerage analysts often exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable recommendations compared to negative ones [5][9]. - The article suggests that the interests of brokerage firms may not align with those of retail investors, which can result in misleading insights regarding future stock price movements [6][9]. Group 3: Zacks Rank as an Alternative Indicator - The Zacks Rank, which is based on earnings estimate revisions, is presented as a more reliable indicator of near-term stock performance compared to ABR [7][10]. - The Zacks Rank is updated more frequently and reflects changes in earnings estimates, providing timely insights into potential price movements [11]. Group 4: Current Earnings Estimates for MakeMyTrip - The Zacks Consensus Estimate for MakeMyTrip has declined by 1.5% over the past month to $1.59, indicating growing pessimism among analysts regarding the company's earnings prospects [12]. - This decline in earnings estimates has contributed to a Zacks Rank of 4 (Sell) for MakeMyTrip, suggesting caution despite the favorable ABR [13].

Group 1 - The article discusses the interest in MakeMyTrip Limited, India's largest online travel company, highlighting its potential but noting it was considered expensive compared to top industry peers [1] - The author expresses a personal opinion on the company's valuation, suggesting that it may not be the right time for investment due to its high price relative to competitors [1] Group 2 - There is no additional relevant content regarding the company or industry in the provided documents [2]

Group 1 - The individual investor focuses on managing personal capital accumulated over the years, utilizing a diverse range of investment strategies including fundamental, technical, and momentum investing [1] - The investor aims to leverage the strengths of various investment approaches to refine their investment process [1] - The purpose of writing on Seeking Alpha is to track the performance of investment ideas and connect with like-minded investors [1]

Financial Data and Key Metrics - No specific financial data or key metrics changes mentioned in the provided content [1][2][3] Business Line Data and Key Metrics - No specific business line data or key metrics changes mentioned in the provided content [1][2][3] Market Data and Key Metrics - No specific market data or key metrics changes mentioned in the provided content [1][2][3] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition mentioned in the provided content [1][2][3] Management Commentary on Operating Environment and Future Outlook - No specific management commentary on the operating environment or future outlook mentioned in the provided content [1][2][3] Other Important Information - The event is being recorded and will be available for replay on the company's IR website [2] - Certain statements made during the event may be considered forward-looking under the Safe Harbor provisions of the U S Private Securities Litigation Reform Act of 1995 [3] - Forward-looking statements are subject to uncertainties and actual results may differ materially [3] - Additional information on forward-looking statements is available in the company's annual report on Form 20-F filed with the SEC on July 2 2024 [3] Q&A Session Summary - No Q&A session details provided in the content [1][2][3]

MakeMyTrip (MMYT) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.30%. A quarter ago, it was expected that this online travel company would post earnings of $0.33 per share when it actually produced earnings of $0.36, delivering a surprise of 9.09%.Over the last four quarters, the ...

MakeMyTrip (MMYT) Q3 2025 Earnings Call January 23, 2025 07:30 AM ET Company Participants Vipul Garg - VP - Finance & Head of Investor RelationsRajesh Magow - Co-Founder, Group CEO & DirectorMohit Kabra - Group Chief Financial OfficerSachin Salgaonkar - Managing DirectorVijit Jain - DirectorAnkur Rudra - Executive DirectorGaurav Rateria - Executive Director Conference Call Participants Manish Adukia - Equity Research Analyst Vipul Garg Congratulations at MakeMyTrip Limited, and welcome to our fiscal 2025 Th ...

Exhibit 99.1 MAKEMYTRIP LIMITED ANNOUNCES FISCAL 2025 THIRD QUARTER RESULTS Gurugram, India and New York, January 23, 2025 — MakeMyTrip Limited (NASDAQ: MMYT), India's leading travel service provider, today announced its unaudited interim financial and operating results for its fiscal third quarter ended December 31, 2024. | | | | | | | YoY | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | For the three | | For the three | | Change | For the nine | | For the nine | ...