Why MakeMyTrip (MMYT) Dipped More Than Broader Market Today

Company Performance - MakeMyTrip (MMYT) closed at $105.92, down 0.66% from the previous trading session, underperforming the S&P 500's loss of 0.33% [1] - Over the past month, shares of MakeMyTrip gained 14.24%, outperforming the Computer and Technology sector's loss of 7.14% and the S&P 500's loss of 4.03% [1] Financial Expectations - MakeMyTrip is expected to report EPS of $0.42, reflecting a 10.53% increase from the prior-year quarter, with quarterly revenue projected at $246.18 million, up 21.34% from the year-ago period [2] - For the full year, earnings are projected at $1.59 per share and revenue at $979.28 million, indicating increases of 30.33% and 25.14% respectively from the previous year [3] Analyst Sentiment - Recent changes to analyst estimates for MakeMyTrip indicate optimism about the company's business and profitability, with positive revisions reflecting near-term business trends [3] - The Zacks Rank system, which incorporates estimate changes, currently rates MakeMyTrip at 3 (Hold) [5] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 67.27, significantly higher than the industry's average Forward P/E of 21.43 [6] - The company also has a PEG ratio of 10.97, compared to the Internet - Delivery Services industry's average PEG ratio of 1.46 [6] Industry Context - The Internet - Delivery Services industry is part of the Computer and Technology sector and holds a Zacks Industry Rank of 78, placing it in the top 32% 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]