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MakeMyTrip (MMYT) Laps the Stock Market: Here's Why
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In the latest trading session, MakeMyTrip (MMYT - Free Report) closed at $47.85, marking a +2% move from the previous day. This move outpaced the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.36%.
Heading into today, shares of the online travel company had gained 9.4% over the past month, outpacing the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The investment community will be closely monitoring the performance of MakeMyTrip in its forthcoming earnings report. The company is expected to report EPS of $0.31, down 26.19% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $277.35 million, showing a 12.99% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.48 per share and a revenue of $1.07 billion, representing changes of -5.13% and +9.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MakeMyTrip. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 5.5% downward. Right now, MakeMyTrip possesses a Zacks Rank of #4 (Sell).
In terms of valuation, MakeMyTrip is presently being traded at a Forward P/E ratio of 27.27. This valuation marks a premium compared to its industry average Forward P/E of 9.99.
We can additionally observe that MMYT currently boasts a PEG ratio of 1.62. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Delivery Services industry had an average PEG ratio of 0.91 as trading concluded yesterday.
The Internet - Delivery Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 63, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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MakeMyTrip (MMYT) Laps the Stock Market: Here's Why
In the latest trading session, MakeMyTrip (MMYT - Free Report) closed at $47.85, marking a +2% move from the previous day. This move outpaced the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.24%, and the Nasdaq, a tech-heavy index, added 0.36%.
Heading into today, shares of the online travel company had gained 9.4% over the past month, outpacing the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
The investment community will be closely monitoring the performance of MakeMyTrip in its forthcoming earnings report. The company is expected to report EPS of $0.31, down 26.19% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $277.35 million, showing a 12.99% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.48 per share and a revenue of $1.07 billion, representing changes of -5.13% and +9.68%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MakeMyTrip. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 5.5% downward. Right now, MakeMyTrip possesses a Zacks Rank of #4 (Sell).
In terms of valuation, MakeMyTrip is presently being traded at a Forward P/E ratio of 27.27. This valuation marks a premium compared to its industry average Forward P/E of 9.99.
We can additionally observe that MMYT currently boasts a PEG ratio of 1.62. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Delivery Services industry had an average PEG ratio of 0.91 as trading concluded yesterday.
The Internet - Delivery Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 63, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.