MakeMyTrip (MMYT) Outperforms Broader Market: What You Need to Know

Core Insights - MakeMyTrip's stock price increased by 1.92% to $90.73, outperforming the S&P 500's gain of 1.07% [1] - The company has experienced a decline of 12.59% prior to the recent trading session, lagging behind the Computer and Technology sector's gain of 2.68% [1] Earnings Performance - MakeMyTrip is expected to report earnings on October 28, 2025, with an estimated EPS of $0.45, reflecting a 25% growth year-over-year [2] - The Zacks Consensus Estimate for revenue is projected at $264.28 million, indicating a 25.26% increase from the same quarter last year [2] - For the full year, analysts anticipate earnings of $2.16 per share and revenue of $1.19 billion, representing increases of 38.46% and 21.79% respectively [3] Analyst Forecasts - Recent revisions to analyst forecasts for MakeMyTrip are important as they indicate changing business trends, with positive revisions suggesting an optimistic outlook [4] - Estimate revisions are correlated with near-term share price momentum, which can be leveraged by investors using the Zacks Rank system [5] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 ranked stocks have an average annual return of +25% since 1988 [6] - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the EPS estimate remaining unchanged over the last 30 days [6] - The company's Forward P/E ratio is 41.21, significantly higher than the industry average of 13.31, indicating that MakeMyTrip is trading at a premium [7] Industry Context - MakeMyTrip operates within the Internet - Delivery Services industry, which is part of the Computer and Technology sector, currently ranked 31 in the Zacks Industry Rank, placing it in the top 13% of over 250 industries [7][8] - The Zacks Industry Rank suggests that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [8]