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MakeMyTrip (MMYT) Stock Dips While Market Gains: Key Facts
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MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $47.06, moving -2.37% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.81%. Meanwhile, the Dow gained 0.73%, and the Nasdaq, a tech-heavy index, added 1.03%.
Shares of the online travel company witnessed a gain of 15.02% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 17.98%, and outperforming the S&P 500's gain of 9.47%.
Investors will be eagerly watching for the performance of MakeMyTrip in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 26.19% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $277.35 million, reflecting a 12.99% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.48 per share and a revenue of $1.07 billion, demonstrating changes of -5.13% and +9.68%, respectively, from the preceding year.
Any recent changes to analyst estimates for MakeMyTrip should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 5.5% fall in the Zacks Consensus EPS estimate. As of now, MakeMyTrip holds a Zacks Rank of #4 (Sell).
Looking at its valuation, MakeMyTrip is holding a Forward P/E ratio of 27.24. For comparison, its industry has an average Forward P/E of 9.97, which means MakeMyTrip is trading at a premium to the group.
Investors should also note that MMYT has a PEG ratio of 1.62 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Delivery Services industry held an average PEG ratio of 0.91.
The Internet - Delivery Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 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.
To follow MMYT in the coming trading sessions, be sure to utilize Zacks.com.
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MakeMyTrip (MMYT) Stock Dips While Market Gains: Key Facts
MakeMyTrip (MMYT - Free Report) closed the most recent trading day at $47.06, moving -2.37% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.81%. Meanwhile, the Dow gained 0.73%, and the Nasdaq, a tech-heavy index, added 1.03%.
Shares of the online travel company witnessed a gain of 15.02% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 17.98%, and outperforming the S&P 500's gain of 9.47%.
Investors will be eagerly watching for the performance of MakeMyTrip in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 26.19% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $277.35 million, reflecting a 12.99% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.48 per share and a revenue of $1.07 billion, demonstrating changes of -5.13% and +9.68%, respectively, from the preceding year.
Any recent changes to analyst estimates for MakeMyTrip should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 5.5% fall in the Zacks Consensus EPS estimate. As of now, MakeMyTrip holds a Zacks Rank of #4 (Sell).
Looking at its valuation, MakeMyTrip is holding a Forward P/E ratio of 27.24. For comparison, its industry has an average Forward P/E of 9.97, which means MakeMyTrip is trading at a premium to the group.
Investors should also note that MMYT has a PEG ratio of 1.62 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Delivery Services industry held an average PEG ratio of 0.91.
The Internet - Delivery Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 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.
To follow MMYT in the coming trading sessions, be sure to utilize Zacks.com.