MakeMyTrip (MMYT) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

MakeMyTrip (NASDAQ:MMYT) released its quarterly earnings data on Tuesday. The technology company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.20), Fidelity Earnings reports. The company had revenue of $170.09 million during the quarter, compared to analysts’ expectations of $164.50 million. MakeMyTrip had a negative return on equity of 12.34% and a negative net margin of 32.35%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) EPS.

Shares of NASDAQ:MMYT opened at $29.10 on Wednesday. MakeMyTrip has a 1 year low of $22.40 and a 1 year high of $41.70. The stock has a market cap of $3.42 billion, a P/E ratio of -13.35 and a beta of -0.07.

A number of brokerages recently issued reports on MMYT. Zacks Investment Research upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Bank of America reduced their price target on MakeMyTrip from $40.00 to $39.50 and set a “buy” rating on the stock in a report on Monday, July 9th. Goldman Sachs Group downgraded MakeMyTrip from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Tuesday, June 12th. They noted that the move was a valuation call. Finally, ValuEngine upgraded MakeMyTrip from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. MakeMyTrip has an average rating of “Hold” and a consensus target price of $36.92.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.

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Earnings History for MakeMyTrip (NASDAQ:MMYT)

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