MakeMyTrip (MMYT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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].