MakeMyTrip (MMYT) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - MakeMyTrip (MMYT) ended the recent trading session at $96.70, demonstrating a -5.07% change from the preceding day's closing price, lagging the S&P 500's daily loss of 0.55% [1] - Over the past month, shares of MakeMyTrip had lost 0.39%, underperforming the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64% [1] Earnings Expectations - Analysts expect MakeMyTrip to post earnings of $0.45 per share in the upcoming release, marking year-over-year growth of 25% [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $264.28 million, up 25.26% from the year-ago period [2] Fiscal Year Projections - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.16 per share and revenue of $1.19 billion, indicating changes of +38.46% and +21.79%, respectively, from the former year [3] - Recent revisions to analyst estimates reflect optimism about the business and profitability [3] Valuation Metrics - MakeMyTrip is currently trading at a Forward P/E ratio of 47.16, which is a premium compared to its industry average Forward P/E of 16.02 [5] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, carries a Zacks Industry Rank of 103, placing it within the top 42% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]