Brokerages expect that MakeMyTrip Limited (NASDAQ:MMYT) will report earnings of ($0.11) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for MakeMyTrip’s earnings. MakeMyTrip posted earnings per share of ($0.12) in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is scheduled to report its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that MakeMyTrip will report full year earnings of ($2.26) per share for the current year, with EPS estimates ranging from ($2.38) to ($2.19). For the next year, analysts expect that the firm will report earnings of ($1.42) per share, with EPS estimates ranging from ($1.73) to ($1.19). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MakeMyTrip.

MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.45) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.72) by $0.27. The firm had revenue of $139.20 million for the quarter, compared to the consensus estimate of $110.72 million. MakeMyTrip had a negative return on equity of 12.74% and a negative net margin of 31.73%. The company’s revenue for the quarter was up 161.7% on a year-over-year basis. During the same period last year, the business posted ($0.61) EPS.

A number of equities analysts have recently issued reports on the company. UBS Group downgraded MakeMyTrip from a “buy” rating to a “sell” rating and set a $30.00 price target on the stock. in a research note on Wednesday, September 20th. BidaskClub upgraded MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group assumed coverage on MakeMyTrip in a research note on Thursday, November 30th. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Investment Research downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Jefferies Group restated a “hold” rating and issued a $31.50 price target on shares of MakeMyTrip in a research note on Friday, October 13th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.13.

MakeMyTrip (NASDAQ MMYT) traded up $0.05 during mid-day trading on Friday, hitting $31.85. The stock had a trading volume of 153,559 shares, compared to its average volume of 216,043. The stock has a market cap of $2,919.91, a P/E ratio of -16.50 and a beta of 0.17. MakeMyTrip has a 52-week low of $22.40 and a 52-week high of $40.90.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its position in MakeMyTrip by 20.9% during the second quarter. Capital World Investors now owns 5,679,214 shares of the technology company’s stock valued at $190,201,000 after purchasing an additional 981,229 shares in the last quarter. Ward Ferry Management BVI Ltd lifted its position in MakeMyTrip by 13.4% during the third quarter. Ward Ferry Management BVI Ltd now owns 2,735,212 shares of the technology company’s stock valued at $78,637,000 after purchasing an additional 322,700 shares in the last quarter. Janus Henderson Group PLC lifted its position in MakeMyTrip by 9.7% during the third quarter. Janus Henderson Group PLC now owns 2,620,313 shares of the technology company’s stock valued at $75,334,000 after purchasing an additional 231,250 shares in the last quarter. Baillie Gifford & Co. lifted its position in MakeMyTrip by 6.7% during the third quarter. Baillie Gifford & Co. now owns 2,537,697 shares of the technology company’s stock valued at $72,959,000 after purchasing an additional 158,729 shares in the last quarter. Finally, JHL Capital Group LLC lifted its position in MakeMyTrip by 32.5% during the second quarter. JHL Capital Group LLC now owns 1,656,000 shares of the technology company’s stock valued at $55,559,000 after purchasing an additional 406,000 shares in the last quarter. Institutional investors own 44.85% of the company’s stock.

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MakeMyTrip 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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