MakeMyTrip (MMYT) Surpasses Q3 Earnings Estimates

Core Viewpoint - MakeMyTrip reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, marking a year-over-year increase from $0.39 per share [1] Group 1: Earnings Performance - The earnings surprise for the recent quarter was +33.33%, while the previous quarter saw an earnings miss of -17.78% [1][3] - Over the last four quarters, MakeMyTrip has surpassed consensus EPS estimates two times [2] Group 2: Revenue Performance - The company reported revenues of $295.69 million for the quarter, which was 5.72% below the Zacks Consensus Estimate, but an increase from $267.36 million year-over-year [2] - MakeMyTrip has not beaten consensus revenue estimates in the last four quarters [2] Group 3: Stock Performance and Outlook - MakeMyTrip shares have declined approximately 9.2% since the beginning of the year, contrasting with the S&P 500's decline of 0.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.50, with expected revenues of $296.73 million, and for the current fiscal year, the estimate is $1.55 on $1.11 billion in revenues [7] Group 4: Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [8]