MakeMyTrip Limited (MMYT) to Release Quarterly Earnings on Wednesday
MakeMyTrip Limited (NASDAQ:MMYT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.72) per share for the quarter.
MakeMyTrip Limited (NASDAQ:MMYT) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.14). MakeMyTrip Limited had a negative net margin of 31.64% and a negative return on equity of 16.91%. The firm had revenue of $141.21 million for the quarter, compared to the consensus estimate of $110.67 million. During the same period in the previous year, the company posted ($0.73) earnings per share. MakeMyTrip Limited’s quarterly revenue was up 139.9% on a year-over-year basis. On average, analysts expect MakeMyTrip Limited to post $-2.17 EPS for the current fiscal year and $-1.36 EPS for the next fiscal year.
MakeMyTrip Limited (MMYT) opened at 24.80 on Wednesday. The company’s 50-day moving average price is $29.34 and its 200-day moving average price is $32.49. MakeMyTrip Limited has a 52 week low of $22.05 and a 52 week high of $40.90. The company’s market capitalization is $2.42 billion.
Several equities research analysts have commented on MMYT shares. ValuEngine lowered MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered MakeMyTrip Limited from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. TheStreet upgraded MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and issued a $31.50 price target on shares of MakeMyTrip Limited in a research report on Friday, October 13th. Finally, UBS AG lowered MakeMyTrip Limited from a “buy” rating to a “sell” rating and set a $30.00 price target for the company. in a research report on Wednesday, September 20th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. MakeMyTrip Limited currently has an average rating of “Hold” and a consensus price target of $29.80.
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An institutional investor recently raised its position in MakeMyTrip Limited stock. State Street Corp boosted its holdings in MakeMyTrip Limited (NASDAQ:MMYT) by 17.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,868 shares of the technology company’s stock after acquiring an additional 4,966 shares during the period. State Street Corp owned 0.06% of MakeMyTrip Limited worth $1,136,000 at the end of the most recent reporting period. 43.53% of the stock is owned by institutional investors and hedge funds.
MakeMyTrip Limited Company Profile
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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