MakeMyTrip (MMYT) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this online travel company would post earnings of $0.20 per share when it actually produced earnings of $0.39, delivering a surprise of 95%.Over the last four quarters, the com ...

Revenue Growth - Revenue for Q2 FY2025 was $211.0 million, a 25.1% increase from $168.7 million in Q2 FY2024[5] - Total revenue for the three months ended September 30, 2024, increased by 25% to $210,993 thousand compared to $168,690 thousand in the same period of 2023[38] - For the six months ended September 30, 2024, consolidated revenue reached $465.51 million, up from $365.42 million in the same period of 2023, marking a 27% increase[46] - For the three months ended September 30, 2024, total revenue reported was $210.99 million, with a constant currency amount of $213.37 million, reflecting a year-over-year growth of 27.1% in constant currency[48] - For the six months ended September 30, 2024, total revenue reported was $465.51 million, with a constant currency amount of $471.56 million, showing a year-over-year growth of 27.4% in constant currency[48] Segment Performance - Air ticketing revenue increased by 25.6% YoY to $61.0 million, with an adjusted margin of $96.0 million, up 19.7% YoY[7][8] - Hotels and packages revenue rose by 15.5% YoY to $103.2 million, with an adjusted margin of $90.7 million, up 19.9% YoY[8] - Bus ticketing revenue increased by 25.4% YoY to $24.8 million, with an adjusted margin of $27.1 million, up 24.3% YoY[9] - Revenue from other services surged by 100.8% YoY to $22.0 million, with an adjusted margin of $16.4 million, up 49.3% YoY[10] - Adjusted Margin for Air Ticketing was $96.03 million, with a margin percentage of 6.8% for the three months ended September 30, 2024[51] - Adjusted Margin for Hotels and Packages reached $90.73 million, maintaining a margin percentage of 17.5% for the three months ended September 30, 2024[51] Profitability - Operating profit for the quarter was $26.1 million, reflecting a 288.9% increase YoY[2] - Net profit for the period was $17.9 million, a significant increase of 797.0% YoY[2] - Profit for the quarter ended September 30, 2024, was $17.9 million, up from $2.0 million in the same quarter of 2023[19] - Profit before tax for the three months ended September 30, 2024, rose significantly to $25.55 million, compared to $2.18 million in the same period of 2023[44] - Adjusted net profit for the six months ended September 30, 2024, was $85.21 million, compared to $61.39 million in the same period of 2023, indicating a growth of 39%[46] Expenses - Service cost increased by 23.6% to $49.8 million for the quarter ended September 30, 2024, compared to $40.3 million for the same period in 2023[12] - Personnel expenses rose by 12.5% to $39.4 million in the quarter ended September 30, 2024, up from $35.0 million in the prior year[13] - Marketing and sales promotion expenses surged by 43.0% to $35.8 million in the quarter ended September 30, 2024, compared to $25.0 million in the same quarter of 2023[14] - Marketing and sales promotion expenses increased by 44% to $75,876 thousand for the six months ended September 30, 2024, compared to $55,622 thousand in the same period of 2023[38] Financial Position - As of September 30, 2024, cash and cash equivalents and term deposits totaled $717.2 million[21] - Cash and cash equivalents at the end of the period increased by 24% to $401,873 thousand as of September 30, 2024, compared to $327,065 thousand at the beginning of the period[42] - Total assets decreased by 6.7% to $1,660,077 thousand as of March 31, 2024, from $1,779,287 thousand as of September 30, 2024[36] - Loans and borrowings increased to $223,730 thousand as of September 30, 2024, from $216,818 thousand as of March 31, 2024[36] Shareholder Returns - The company has remaining authority to repurchase up to $135.8 million of its outstanding ordinary shares and 2028 Notes[23] - Diluted earnings per share increased to $0.16 for the quarter ended September 30, 2024, compared to $0.02 in the prior year[20] - The company reported a basic earnings per share of $0.16 for the three months ended September 30, 2024, compared to $0.02 in the same period of 2023[38] Strategic Outlook - The company remains optimistic about the long-term outlook of India's travel and tourism market[3] - Focus on innovation and technology to enhance customer experience is a key strategy moving forward[3] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46] Customer Metrics - Gross bookings for Q2 FY2025 reached $2,257.2 million, a 22.7% increase YoY[4] - The number of Air Ticketing flight segments increased from 13,068 to 15,105, representing a growth of approximately 15.6% year-over-year[51] - The number of Bus Ticketing travelled tickets rose from 19,403 to 23,558, indicating a growth of about 21.0% year-over-year[51] - The company reported a total of 8,504 room nights for Hotels and Packages for the three months ended September 30, 2024, up from 7,238 room nights, marking a growth of 17.5% year-over-year[51] Financial Adjustments - Net finance costs decreased significantly to $0.5 million in the quarter ended September 30, 2024, from $4.5 million in the prior year[17] - The company reported a net finance income of $1,187 thousand for the six months ended September 30, 2024, compared to a net finance cost of $5,074 thousand in the same period of 2023[38] - Finance income for the three months ended September 30, 2024, was $7.28 million, compared to $5.46 million in the same period of 2023, reflecting a growth of 33%[44] Taxation - Income tax expense increased to $7.6 million for the quarter ended September 30, 2024, compared to $0.2 million in the same quarter of 2023[18]

Core Viewpoint - MakeMyTrip (MMYT) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the actual results being crucial for its near-term stock price movement [1][2]. Earnings Expectations - The consensus estimate for MakeMyTrip's quarterly earnings is $0.33 per share, reflecting a year-over-year increase of 32% [3]. - Revenues are anticipated to reach $214.9 million, which is a 27.4% increase compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 89.47% higher in the last 30 days, indicating a significant reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 1, but the combination with an Earnings ESP of 0% complicates predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded the expected earnings of $0.20 per share by delivering $0.39, resulting in a surprise of 95% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While MakeMyTrip may not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Shares of MakeMyTrip Ltd (MMYT, Financial) fell 5.17% in mid-day trading on Oct 2. The stock reached an intraday low of $86.64, before recovering slightly to $86.93, down from its previous close of $91.67. This places MMYT 21.32% below its 52-week high of $110.49 and 136.16% above its 52-week low of $36.81. Trading volume was 727,062 shares, 120.8% of the average daily volume of 601,739. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for Mak ...

MakeMyTrip (MMYT) closed the most recent trading day at $94.96, moving +0.48% from the previous trading session. This change outpaced the S&P 500's 0.13% loss on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 0.39%. The the stock of online travel company has fallen by 2.54% in the past month, lagging the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43%. Investors will be eagerly watching for the performance of MakeMyTrip in its upcoming earnings d ...

Group 1 - MakeMyTrip (MMYT) closed at $105.76, with a +1.41% change, outperforming the S&P 500, which fell by 0.29% [1] - The stock has gained 11.54% over the past month, while the Computer and Technology sector lost 1.17% [1] Group 2 - The upcoming earnings disclosure is anticipated, with a consensus revenue estimate of $216.03 million, reflecting a 28.06% increase year-over-year [2] - For the fiscal year, earnings are projected at $1.71 per share and revenue at $946.59 million, indicating increases of +40.16% and +20.97% respectively [2] Group 3 - Recent changes in analyst estimates for MakeMyTrip are crucial as they indicate business trends and analysts' confidence in performance [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 stocks averaging a +25% annual return since 1988 [4][5] Group 4 - MakeMyTrip's current Forward P/E ratio is 60.99, significantly higher than the industry's Forward P/E of 23.73 [6] - The PEG ratio for MMYT is 4.49, compared to the Internet - Delivery Services industry's average PEG ratio of 2.55 [6] Group 5 - The Internet - Delivery Services industry ranks in the top 21% of all industries, with a Zacks Industry Rank of 52 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - MakeMyTrip (MMYT) closed at $93.76, reflecting a -0.87% change from the previous day, underperforming the S&P 500's daily loss of 0.3% [1] - Over the past month, shares of MakeMyTrip gained 6.76%, outperforming the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 3.42% [1] Upcoming Earnings - The upcoming earnings release is projected to show revenue of $216.03 million, a 28.06% increase from the same quarter last year [2] - For the full year, analysts expect earnings of $1.71 per share and revenue of $946.59 million, representing changes of +40.16% and +20.97% from last year, respectively [2] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip reflect shifting short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 55.31, which is a premium compared to the industry's average Forward P/E of 24.24 [6] - The company has a PEG ratio of 4.07, while the Internet - Delivery Services industry has an average PEG ratio of 2.32 [6] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 164, placing it in the bottom 36% 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]

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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MakeMyTrip (MMYT) . MakeMyTrip currently has an average brokerage recommen ...

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