MakeMyTrip (MMYT) Falls More Steeply Than Broader Market: What Investors Need to Know

Group 1: Stock Performance - MakeMyTrip (MMYT) stock decreased by 1.72% to $83.25, underperforming the S&P 500, which fell by 0.03% [1] - Over the past month, MakeMyTrip shares increased by 20.48%, significantly outperforming the Computer and Technology sector's gain of 1.66% and the S&P 500's gain of 2.57% [1] Group 2: Earnings Expectations - Analysts anticipate MakeMyTrip to report earnings of $0.43 per share, reflecting a year-over-year growth of 10.26% [2] - The consensus estimate for quarterly revenue is $313.62 million, representing a 17.3% increase from the previous year [2] Group 3: Full Year Projections - For the full year, earnings are projected at $1.62 per share and revenue at $1.11 billion, indicating increases of 3.85% and 13.49% respectively from the prior year [3] - Recent changes in analyst estimates suggest a favorable outlook on MakeMyTrip's business health and profitability [3] Group 4: Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 52.29, which is significantly higher than the industry average Forward P/E of 14.39, indicating a premium valuation [6] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 202, placing it in the bottom 19% of over 250 industries [6] Group 5: Analyst Ratings - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 (Strong Buy) delivering an average annual return of +25% since 1988 [5]