MakeMyTrip (MMYT) Surpasses Market Returns: Some Facts Worth Knowing

Group 1 - MakeMyTrip's stock increased by 2.17% to $94.34, outperforming the S&P 500's daily gain of 0.06% [1] - Prior to the recent trading session, MakeMyTrip shares had declined by 7.69%, underperforming the Computer and Technology sector's gain of 8.78% and the S&P 500's gain of 3.94% [1] Group 2 - MakeMyTrip is expected to report an EPS of $0.45, reflecting a 25% increase from the prior-year quarter, with projected net sales of $264.28 million, up 25.26% from the year-ago period [2] - For the full year, earnings are projected at $2.16 per share and revenue at $1.19 billion, indicating increases of 38.46% and 21.79% respectively from the previous year [3] Group 3 - Recent adjustments to analyst estimates for MakeMyTrip are important as they reflect near-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [3] - The Zacks Rank system, which evaluates estimate changes, provides actionable ratings, with 1 stocks historically yielding an average annual return of 25% since 1988 [4][5] Group 4 - MakeMyTrip is currently trading at a Forward P/E ratio of 42.75, significantly higher than the industry average of 14.77, suggesting it is trading at a premium [6] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 169, placing it in the bottom 32% of over 250 industries [6][7]