MakeMyTrip (MMYT) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for MakeMyTrip (MMYT) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - MakeMyTrip is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of +22.9$256.68 million, which is a 19.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst assessments [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [7][8]. - MakeMyTrip currently holds a Zacks Rank of 4, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, MakeMyTrip exceeded expectations by delivering earnings of $0.36 per share against an expected$0.33, resulting in a surprise of +9.09% [12]. - The company has beaten consensus EPS estimates in the last four quarters [13]. Conclusion - While MakeMyTrip does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].