MakeMyTrip (MMYT) Exceeds Market Returns: Some Facts to Consider

Core Insights - MakeMyTrip (MMYT) stock closed at $71.39, up 1.54% from the previous session, outperforming the S&P 500 which gained 0.54% [1] - The stock has seen a decline of 13.11% over the past month, underperforming the Computer and Technology sector's loss of 1.42% and the S&P 500's loss of 0.8% [1] Earnings Forecast - MakeMyTrip is expected to report an EPS of $0.43, reflecting a 10.26% increase from the same quarter last year [2] - Revenue is projected to be $313.62 million, indicating a 17.3% rise compared to the year-ago quarter [2] Full Year Estimates - For the full year, analysts anticipate earnings of $1.62 per share and revenue of $1.11 billion, representing increases of 3.85% and 13.49% respectively from the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip are indicative of changing short-term business dynamics, with positive revisions suggesting optimism about the company's profitability [4] Zacks Rank and Valuation - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with a consensus EPS projection having decreased by 29.13% in the last 30 days [6] - The company is trading at a Forward P/E ratio of 43.4, which is significantly higher than the industry average Forward P/E of 12.85 [7] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, is currently ranked 168 out of over 250 industries, placing it in the bottom 32% [7][8]