MakeMyTrip (MMYT) Stock Drops Despite Market Gains: Important Facts to Note

Core Insights - MakeMyTrip's stock closed at $78.63, down 4.7% from the previous trading session, underperforming the S&P 500's gain of 0.65% [1] - Over the last month, MakeMyTrip's shares increased by 5.09%, outperforming the Computer and Technology sector's decline of 1.6% and the S&P 500's gain of 1.15% [1] Earnings Performance - The upcoming earnings disclosure is expected to show an EPS of $0.43, a 10.26% increase year-over-year, with projected revenue of $313.62 million, reflecting a 17.3% rise from the same quarter last year [2] - For the full year, analysts expect 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 indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - Estimate revisions are correlated with near-term share price momentum, and the Zacks Rank system is designed to leverage this relationship [5] Zacks Rank and Valuation - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [6] - The company is trading at a Forward P/E ratio of 50.93, which is a premium compared to its industry's Forward P/E of 14.33 [7] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 110, placing it in the top 45% of over 250 industries [7][8]