MakeMyTrip (MMYT) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - MakeMyTrip shares have gained 6.84% over the past month, lagging behind the Computer and Technology sector's gain of 8.41% and outperforming the S&P 500's gain of 4.08% [1] - In the latest trading session, MakeMyTrip closed at $86.66, marking a +0.83% move from the previous day, outpacing the S&P 500's 0.1% gain [6] - The company is forecasted to report an EPS of$ 0.38, showcasing a 26.67% upward movement from the corresponding quarter of the prior year, with a revenue estimate of $230.58 million, indicating a 17.21% increase compared to the same quarter of the previous year [7] Analyst Estimates and Ratings - Recent changes to analyst estimates for MakeMyTrip indicate a favorable outlook on the company's business health and profitability [2] - MakeMyTrip currently possesses a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The Zacks Rank system has a track record of superior performance, with 1 stocks contributing an average annual return of +25% since 1988 [3] Valuation Metrics - MakeMyTrip has a PEG ratio of 4.6, compared to the industry average PEG ratio of 2.55 [4] - The company has a Forward P/E ratio of 53.22, representing a premium compared to its industry's average Forward P/E of 22.16 [9] Industry Context - The Internet - Delivery Services industry, part of the Computer and Technology sector, carries a Zacks Industry Rank of 27, placing it within the top 11% of over 250 industries [10] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [5] Full Year Projections - For the full year, the Zacks Consensus Estimates project earnings of$ 1.62 per share and a revenue of $926.3 million, demonstrating changes of +32.79% and +27.21%, respectively, from the preceding year [12]