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MakeMyTrip (MMYT) Exceeds Market Returns: Some Facts to Consider
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MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $40.74, moving +2.26% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Coming into today, shares of the online travel company had lost 23.56% in the past month. In that same time, the Computer and Technology sector lost 2.47%, while the S&P 500 lost 3.31%.
The investment community will be closely monitoring the performance of MakeMyTrip in its forthcoming earnings report. In that report, analysts expect MakeMyTrip to post earnings of $0.35 per share. This would mark a year-over-year decline of 16.67%. Meanwhile, our latest consensus estimate is calling for revenue of $277.35 million, up 12.99% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.52 per share and a revenue of $1.07 billion, indicating changes of -2.56% and +9.68%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for MakeMyTrip. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, MakeMyTrip possesses a Zacks Rank of #3 (Hold).
Digging into valuation, MakeMyTrip currently has a Forward P/E ratio of 22.07. Its industry sports an average Forward P/E of 9.86, so one might conclude that MakeMyTrip is trading at a premium comparatively.
We can additionally observe that MMYT currently boasts a PEG ratio of 1.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Delivery Services industry had an average PEG ratio of 0.9 as trading concluded yesterday.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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MakeMyTrip (MMYT) Exceeds Market Returns: Some Facts to Consider
MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $40.74, moving +2.26% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.44%. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.54%.
Coming into today, shares of the online travel company had lost 23.56% in the past month. In that same time, the Computer and Technology sector lost 2.47%, while the S&P 500 lost 3.31%.
The investment community will be closely monitoring the performance of MakeMyTrip in its forthcoming earnings report. In that report, analysts expect MakeMyTrip to post earnings of $0.35 per share. This would mark a year-over-year decline of 16.67%. Meanwhile, our latest consensus estimate is calling for revenue of $277.35 million, up 12.99% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.52 per share and a revenue of $1.07 billion, indicating changes of -2.56% and +9.68%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for MakeMyTrip. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, MakeMyTrip possesses a Zacks Rank of #3 (Hold).
Digging into valuation, MakeMyTrip currently has a Forward P/E ratio of 22.07. Its industry sports an average Forward P/E of 9.86, so one might conclude that MakeMyTrip is trading at a premium comparatively.
We can additionally observe that MMYT currently boasts a PEG ratio of 1.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Delivery Services industry had an average PEG ratio of 0.9 as trading concluded yesterday.
The Internet - Delivery Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.