MakeMyTrip (MMYT) Stock Dips While Market Gains: Key Facts

Group 1 - MakeMyTrip's stock decreased by 1.27% to $93.36, underperforming the S&P 500's gain of 0.61% and the Nasdaq's increase of 0.95% [1] - Over the past month, MakeMyTrip shares have declined by 4.26%, while the Computer and Technology sector gained 5.6% and the S&P 500 increased by 3.85% [1] Group 2 - The upcoming earnings report for MakeMyTrip is anticipated, with projected earnings per share (EPS) of $0.45, reflecting a 15.38% increase year-over-year [2] - Revenue is expected to reach $277.12 million, indicating an 8.88% growth compared to the same quarter last year [2] Group 3 - For the entire fiscal year, earnings are projected at $1.98 per share and revenue at $1.16 billion, representing increases of 26.92% and 18.78% respectively from the previous year [3] - Recent analyst estimate revisions are seen as positive indicators for MakeMyTrip's business outlook [3] Group 4 - The Zacks Rank system, which evaluates estimate changes, indicates that MakeMyTrip currently holds a Zacks Rank of 5 (Strong Sell) [5] - The Zacks Rank has a historical track record of outperforming, with stocks rated 1 yielding an average annual return of +25% since 1988 [5] Group 5 - MakeMyTrip is trading at a Forward P/E ratio of 47.88, significantly higher than the industry average Forward P/E of 15.37 [6] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [6] Group 6 - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]