MakeMyTrip (MMYT) to Announce Q3 Earnings on January 21, EPS Estimate at $0.42
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11h ago
0mins
Source: seekingalpha
- Earnings Announcement: MakeMyTrip is set to release its Q3 earnings report on January 21 before market open, with consensus EPS estimate at $0.42 and revenue expected to reach $306.09 million, reflecting a 14.5% year-over-year growth, indicating ongoing growth potential in the Indian market.
- Historical Performance Review: Over the past two years, MakeMyTrip has beaten EPS estimates 75% of the time and revenue estimates 63% of the time, showcasing a relatively stable financial performance that bolsters investor confidence.
- Expectation Revisions: In the last three months, there have been no upward revisions to EPS estimates, with one downward revision, while revenue estimates also saw no upward revisions and two downward revisions, suggesting a cautious market outlook on the company's future growth.
- Market Analysis: Despite MakeMyTrip's improving fundamentals, analysts note that its valuation appears stretched, which may affect investor buying decisions, necessitating close attention to the upcoming earnings report's impact on stock price.
Analyst Views on MMYT
Wall Street analysts forecast MMYT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMYT is 118.00 USD with a low forecast of 113.00 USD and a high forecast of 123.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 73.900
Low
113.00
Averages
118.00
High
123.00
Current: 73.900
Low
113.00
Averages
118.00
High
123.00
About MMYT
MakeMyTrip Limited is an online travel provider. The Company's segments include Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air ticketing segment provides the facility to book domestic and international air tickets through Internet-based platforms. The Hotels and packages segment provides holiday packages and hotel reservations through Internet-based platforms, call centers, and franchise stores. The Bus ticketing segment provides the facility to book domestic and international bus tickets through Internet-based platforms. Through its primary websites, such as www.makemytrip.com, www.goibibo.com, and www.redbus.in, and mobile platforms, travelers can research, plan and book a range of travel services and products in India, as well as overseas. The Company's services and products include air ticketing, hotels and packages, bus tickets, rail tickets, car hire, activities and experiences, and ancillary travel requirements. It also provides an inter-city car rental service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
