MakeMyTrip (MMYT) Increases Despite Market Slip: Here's What You Need to Know

Core Viewpoint - MakeMyTrip is expected to show strong earnings performance in the upcoming release, with significant year-over-year growth in both EPS and revenue. Financial Performance - The forecasted EPS for MakeMyTrip is $0.44, representing a 25.71$256.68 million, reflecting a 19.82% rise from the equivalent quarter last year [2] - For the entire fiscal year, earnings are projected at $1.61 per share and revenue at$968.67 million, indicating increases of +31.97% and +23.79% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for MakeMyTrip are being closely monitored, as positive revisions indicate optimism about the company's business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks MakeMyTrip as 3 (Hold) [6] Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 69.45, significantly higher than the industry average of 24.98, indicating it is trading at a premium [7] - The company has a PEG ratio of 5.05, compared to the industry average PEG ratio of 1.34, suggesting a higher valuation relative to projected earnings growth [8] Industry Context - The Internet - Delivery Services industry, to which MakeMyTrip belongs, has a Zacks Industry Rank of 163, placing it in the bottom 36% of all industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]