MakeMyTrip (MMYT) shares rose 1.67% in recent trading, outperforming the S&P 500, though the stock has underperformed both the S&P and its sector over the past month. Anticipated EPS for the upcoming earnings release is $0.46, a 17.95% increase year-over-year, with revenue expected to reach $277.12 million, an 8.88% increase; however, the Zacks Consensus EPS estimate has moved 6.3% lower in the past month, resulting in a Zacks Rank of #4 (Sell) and a forward P/E ratio of 50.01, which is a premium relative to the industry average.
MakeMyTrip (MMYT) recently closed at $100.42, a 1.67% increase from the previous day, outperforming the S&P 500's 0.38% gain, the Dow's 0.24% rise, and the Nasdaq's 0.24% increase. However, over the past month, MMYT's stock has declined by 6.01%, significantly underperforming the Computer and Technology sector's 11.61% gain and the S&P 500's 6.6% gain. For its upcoming earnings release, the company is anticipated to report an EPS of $0.46, representing a 17.95% year-over-year increase, with revenues projected at $277.12 million, an 8.88% rise from the prior year's quarter. Full-year Zacks Consensus Estimates project earnings of $1.98 per share (+26.92% YoY) and revenue of $1.16 billion (+18.78% YoY). Despite these growth projections, analyst sentiment has turned more cautious, as evidenced by a 6.3% downward revision in the Zacks Consensus EPS estimate over the past month, contributing to MMYT's current Zacks Rank of #4 (Sell). The stock's valuation appears rich, with a Forward P/E ratio of 50.01, a notable premium compared to the industry average of 17.82. The Internet - Delivery Services industry, to which MMYT belongs, is ranked 54th (top 22%) out of over 250 industries, suggesting a generally favorable industry backdrop despite specific concerns for the company.
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mildly negative
Sentiment Score
-0.30
Ticker Sentiment
