Here's Why MakeMyTrip (MMYT) Fell More Than Broader Market

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]