Analysts expect that MakeMyTrip Limited (NASDAQ:MMYT) will post earnings per share (EPS) of ($0.26) for the current quarter, according to Zacks. Zero analysts have provided estimates for MakeMyTrip’s earnings. MakeMyTrip reported earnings of ($0.45) per share during the same quarter last year, which suggests a positive year over year growth rate of 42.2%. The business is expected to report its next quarterly earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that MakeMyTrip will report full-year earnings of ($0.80) per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $0.51 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for MakeMyTrip.
MakeMyTrip (NASDAQ:MMYT) last released its quarterly earnings results on Tuesday, August 14th. The technology company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.20). The firm had revenue of $170.09 million for the quarter, compared to the consensus estimate of $164.50 million. MakeMyTrip had a negative return on equity of 11.37% and a negative net margin of 32.44%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.53) EPS.
Several research firms have recently commented on MMYT. Bank of America upped their price target on shares of MakeMyTrip from $39.50 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of MakeMyTrip from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 20th. Jefferies Financial Group upgraded shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $19.80 target price for the company in a research report on Wednesday, August 15th. Finally, ValuEngine lowered shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. MakeMyTrip has an average rating of “Hold” and an average price target of $35.30.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in MakeMyTrip by 824.4% in the 1st quarter. Barclays PLC now owns 2,921 shares of the technology company’s stock valued at $101,000 after buying an additional 2,605 shares in the last quarter. Citigroup Inc. grew its position in MakeMyTrip by 123.6% in the 1st quarter. Citigroup Inc. now owns 3,454 shares of the technology company’s stock valued at $120,000 after buying an additional 1,909 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of MakeMyTrip during the 2nd quarter valued at about $200,000. Cubist Systematic Strategies LLC bought a new position in shares of MakeMyTrip during the 1st quarter valued at about $241,000. Finally, Krane Funds Advisors LLC boosted its position in shares of MakeMyTrip by 90.6% during the 2nd quarter. Krane Funds Advisors LLC now owns 9,149 shares of the technology company’s stock valued at $331,000 after purchasing an additional 4,349 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.
Shares of MakeMyTrip stock traded down $0.05 during trading on Tuesday, hitting $29.00. 331,700 shares of the stock were exchanged, compared to its average volume of 340,401. The firm has a market capitalization of $3.03 billion, a P/E ratio of -13.30 and a beta of -0.15. MakeMyTrip has a 12 month low of $22.40 and a 12 month high of $41.70.
MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The company's services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
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