MakeMyTrip (MMYT) Advances While Market Declines: Some Information for Investors

Company Performance - MakeMyTrip (MMYT) closed at $94.96, with a daily increase of +0.48%, outperforming the S&P 500's loss of 0.13% [1] - The stock has decreased by 2.54% over the past month, underperforming the Computer and Technology sector's gain of 2.7% and the S&P 500's gain of 2.43% [1] Upcoming Earnings - The upcoming earnings disclosure is highly anticipated, with consensus estimates projecting revenue of $216.03 million, reflecting a 28.06% increase from the prior year quarter [2] - For the full year, earnings are expected to be $1.71 per share and revenue at $946.59 million, indicating changes of +40.16% and +20.97% respectively from the previous year [2] Analyst Estimates - Recent changes to analyst estimates for MakeMyTrip are important as they indicate shifting business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation [3] Zacks Rank and Valuation - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The company is trading at a Forward P/E ratio of 55.27, which is significantly higher than the industry's average Forward P/E of 23.99 [6] PEG Ratio - The PEG ratio for MakeMyTrip is currently at 4.02, compared to the Internet - Delivery Services industry's average PEG ratio of 2.31 [7] Industry Overview - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 169, placing it in the bottom 34% of over 250 industries [8]