MakeMyTrip (MMYT) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - MakeMyTrip's stock closed at $92.68, reflecting a -1.46% change from the previous day's closing price, which is less than the S&P 500's daily gain of 0.58% [1] - The stock has decreased by 3.92% over the past month, underperforming compared to the Computer and Technology sector's gain of 6.37% and the S&P 500's gain of 3.68% [1] Earnings Estimates - The upcoming EPS for MakeMyTrip is projected at $0.45, indicating a 25.00% increase compared to the same quarter of the previous year [2] - The consensus estimate for revenue is $264.28 million, representing a 25.26% increase from the same quarter last year [2] Full-Year Projections - Zacks Consensus Estimates forecast earnings of $2.16 per share and revenue of $1.19 billion for the full year, reflecting year-over-year changes of +38.46% and +21.79%, respectively [3] - Recent changes to analyst estimates for MakeMyTrip are noteworthy, as positive revisions typically indicate a favorable business outlook [3] Valuation Metrics - MakeMyTrip currently has a Forward P/E ratio of 43.54, which is a premium compared to the industry average Forward P/E of 14.07 [6] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 53, placing it in the top 22% of over 250 industries [6]