Company Performance - MakeMyTrip reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and up from $0.25 per share a year ago, representing an earnings surprise of 9.09% [1] - The company posted revenues of $210.99 million for the quarter ended September 2024, which was 1.82% below the Zacks Consensus Estimate, compared to $168.69 million in the same quarter last year [1] - Over the last four quarters, MakeMyTrip has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Stock Performance - MakeMyTrip shares have increased approximately 119.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 22.7% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $256.59 million, and for the current fiscal year, it is $1.66 on revenues of $972.25 million [4] - The estimate revisions trend for MakeMyTrip is favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, is currently in the top 10% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - GoDaddy, another company in the same industry, is expected to report quarterly earnings of $1.25 per share, reflecting a year-over-year change of +40.5%, with revenues anticipated to be $1.14 billion, up 6.9% from the previous year [5]
MakeMyTrip (MMYT) Surpasses Q2 Earnings Estimates