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 ...

Financial Data and Key Metrics Changes - The company reported an all-time high in quarterly gross bookings, revenue, and adjusted operating profit during Q3 fiscal 2025, with adjusted operating profit reaching $46 million, a year-on-year growth of about 38% [5][20]. - Adjusted operating profit margin as a percentage of gross bookings was 1.76%, an improvement from 1.6% in the same quarter last year [20]. - Gross booking value increased by 26.8% year-on-year in constant currency terms, compared to 22.9% in the first half of the fiscal year [5][20]. Business Segment Data and Key Metrics Changes - Air ticketing gross bookings for the quarter were $1.5 billion, reflecting a year-on-year growth of 23.1% in constant currency [21]. - Hotels and Packages segment gross bookings reached $681.5 million, a growth of 23.4% year-on-year in constant currency [22]. - The bus ticketing business saw gross bookings of $328.9 million, growing at 23.6% year-on-year in constant currency [24]. Market Data and Key Metrics Changes - The international air ticketing revenue grew over 32% year-on-year, while international hotels revenue surged over 63% year-on-year, indicating strong growth in the international outbound business [8][20]. - The domestic air market saw a growth of nearly 9% year-on-year on a flown basis, with the company maintaining a market share of over 30% [21]. Company Strategy and Development Direction - The company is focusing on enhancing customer experience through new product features, such as part payment options for international air tickets and value bundles for international flights [9][10]. - The strategy includes expanding into emerging markets and enhancing supply depth in pilgrimage cities to cater to growing spiritual tourism [11][14]. - The company is also investing in technology and customer experience, including the expansion of its Gen AI strategy with the Myra chatbot for accommodation products [13][75]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued growth of the travel sector, driven by rising income levels and changing consumer behavior towards discretionary spending [4][5]. - The company anticipates that macroeconomic factors could impact growth, but remains optimistic about outpacing industry growth rates [49][50]. - Management noted that while there are supply challenges in the domestic air market, improvements are expected in the coming quarters [32]. Other Important Information - The company has a strong cash position of over $700 million, which will be leveraged for potential growth opportunities and stock buyback programs [26]. - A business transfer agreement was signed to acquire the Happe expense management platform, enhancing the company's corporate travel and expense management solutions [26]. Q&A Session Summary Question: Outlook for air travel growth in 2025 - Management acknowledged ongoing supply constraints in the domestic air market but noted improvements are expected in the coming quarters [32]. Question: Take rate changes and competition from Indigo - Management clarified that the decrease in take rates is largely seasonal and not indicative of competitive pressure from Indigo [35]. Question: Future EBIT margin expectations - Management aims to reach an adjusted EBIT margin of 1.8% to 2% in the medium term, with ongoing cost control measures [39]. Question: Demand strength across customer segments - Management confirmed that all customer segments, including budget and premium travelers, are experiencing growth [90].

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 | ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for MakeMyTrip (MMYT) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - MakeMyTrip is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of +22.9% [3]. - Revenues are projected to be $256.68 million, which is a 19.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst assessments [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded expectations by delivering earnings of $0.36 per share against an expected $0.33, resulting in a surprise of +9.09% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While MakeMyTrip does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].

MakeMyTrip (MMYT) closed the latest trading day at $117.16, indicating a +0.8% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.26%. Meanwhile, the Dow experienced a rise of 0.8%, and the technology-dominated Nasdaq saw an increase of 1.77%.Prior to today's trading, shares of the online travel company had lost 0.08% over the past month. This has lagged the Computer and Technology sector's gain of 0.84% and was narrower than the S&P 500's loss of 2.82% in that time.The i ...

The latest trading session saw MakeMyTrip (MMYT) ending at $114.53, denoting a -1.45% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 1.11%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.Heading into today, shares of the online travel company had gained 1.84% over the past month, lagging the Computer and Technology sector's gain of 5.27% and outpacing the S&P 500's gain of 0.4% in that time.Analysts and inve ...