MakeMyTrip (MMYT) Increases Yet Falls Behind Market: What Investors Need to Know

Company Performance - MakeMyTrip's stock closed at $116.63, reflecting a +0.15% change from the previous trading day, which lagged behind the S&P 500's gain of 0.61% [1] - The stock has increased by 13.88% over the past month, outperforming the Computer and Technology sector's gain of 5.27% and the S&P 500's gain of 5.79% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.44, representing a 25.71% increase compared to the same quarter last year [2] - Revenue is forecasted to be $256.68 million, indicating a 19.82% growth year-over-year [2] - For the full year, analysts expect earnings of $1.61 per share and revenue of $968.67 million, marking increases of +31.97% and +23.79% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for MakeMyTrip are important as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently rates MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 72.33, significantly higher than the industry average of 28.45, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.26, compared to the industry average PEG ratio of 1.38, suggesting a higher valuation relative to its expected earnings growth [8] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 161, placing it in the bottom 36% of over 250 industries [9]