MakeMyTrip (MMYT) Stock Jumps 5.2%: Will It Continue to Soar?

Company Overview - MakeMyTrip (MMYT) shares increased by 5.2% to close at $82.6, with notable trading volume compared to typical sessions [1] - The stock has gained 3.2% over the past four weeks, driven by growth in international air ticketing and hotel revenues [1] Financial Performance Expectations - The company is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of 10.3% [2] - Revenues are anticipated to reach $313.62 million, representing a 17.3% increase from the same quarter last year [2] Earnings Estimate Trends - The consensus EPS estimate for MakeMyTrip has remained unchanged over the last 30 days, indicating a potential lack of momentum in stock price movement [3] - Trends in earnings estimate revisions are correlated with near-term stock price movements, suggesting the need to monitor future revisions closely [3] Industry Context - MakeMyTrip is part of the Zacks Internet - Delivery Services industry, which includes other companies like QuinStreet (QNST) [4] - QuinStreet's consensus EPS estimate has also remained unchanged, with a year-over-year change of 5% [5]