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MakeMyTrip (MMYT) Stock Sinks As Market Gains: What You Should Know
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MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $90.40, moving -1.04% from the previous trading session. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.66%.
The online travel company's shares have seen a decrease of 5.23% over the last month, not keeping up with the Computer and Technology sector's gain of 2.27% and the S&P 500's gain of 1.02%.
Analysts and investors alike will be keeping a close eye on the performance of MakeMyTrip in its upcoming earnings disclosure. On that day, MakeMyTrip is projected to report earnings of $0.45 per share, which would represent year-over-year growth of 25%. Meanwhile, our latest consensus estimate is calling for revenue of $264.28 million, up 25.26% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.16 per share and a revenue of $1.19 billion, representing changes of +38.46% and +21.79%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for MakeMyTrip. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. MakeMyTrip is currently a Zacks Rank #3 (Hold).
In terms of valuation, MakeMyTrip is currently trading at a Forward P/E ratio of 42.29. For comparison, its industry has an average Forward P/E of 13.5, which means MakeMyTrip is trading at a premium to the group.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 29, finds itself in the top 12% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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MakeMyTrip (MMYT) Stock Sinks As Market Gains: What You Should Know
MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $90.40, moving -1.04% from the previous trading session. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.66%.
The online travel company's shares have seen a decrease of 5.23% over the last month, not keeping up with the Computer and Technology sector's gain of 2.27% and the S&P 500's gain of 1.02%.
Analysts and investors alike will be keeping a close eye on the performance of MakeMyTrip in its upcoming earnings disclosure. On that day, MakeMyTrip is projected to report earnings of $0.45 per share, which would represent year-over-year growth of 25%. Meanwhile, our latest consensus estimate is calling for revenue of $264.28 million, up 25.26% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.16 per share and a revenue of $1.19 billion, representing changes of +38.46% and +21.79%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for MakeMyTrip. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. MakeMyTrip is currently a Zacks Rank #3 (Hold).
In terms of valuation, MakeMyTrip is currently trading at a Forward P/E ratio of 42.29. For comparison, its industry has an average Forward P/E of 13.5, which means MakeMyTrip is trading at a premium to the group.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 29, finds itself in the top 12% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.