Brokerages Anticipate MakeMyTrip (MMYT) to Post -$0.30 Earnings Per Share

Brokerages forecast that MakeMyTrip (NASDAQ:MMYT) will post earnings per share of ($0.30) for the current quarter, according to Zacks. Zero analysts have issued estimates for MakeMyTrip’s earnings. MakeMyTrip reported earnings per share of ($0.42) during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The company is scheduled to issue its next earnings results on Friday, May 18th.

According to Zacks, analysts expect that MakeMyTrip will report full-year earnings of ($1.49) per share for the current financial year. For the next year, analysts expect that the business will report earnings of ($0.75) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow MakeMyTrip.

How to Become a New Pot Stock Millionaire

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.08. MakeMyTrip had a negative net margin of 38.95% and a negative return on equity of 12.00%. The firm had revenue of $151.40 million during the quarter, compared to analysts’ expectations of $143.89 million. During the same period in the previous year, the company earned ($0.12) earnings per share. MakeMyTrip’s quarterly revenue was up 97.9% compared to the same quarter last year.

A number of research firms have commented on MMYT. BidaskClub upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Jefferies Group set a $30.00 price objective on shares of MakeMyTrip and gave the company a “hold” rating in a research note on Friday, February 9th. Zacks Investment Research lowered shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd. JPMorgan Chase upgraded shares of MakeMyTrip from a “neutral” rating to an “overweight” rating and set a $36.00 price objective on the stock in a research note on Tuesday, February 27th. Finally, TheStreet upgraded shares of MakeMyTrip from a “d” rating to a “c-” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. MakeMyTrip currently has an average rating of “Hold” and an average price target of $34.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of MMYT. Envestnet Asset Management Inc. acquired a new position in MakeMyTrip in the third quarter valued at $135,000. Castleark Management LLC acquired a new position in shares of MakeMyTrip during the fourth quarter worth about $152,000. Legal & General Group Plc acquired a new position in shares of MakeMyTrip during the third quarter worth about $238,000. Jane Street Group LLC increased its stake in shares of MakeMyTrip by 190.5% during the fourth quarter. Jane Street Group LLC now owns 8,134 shares of the technology company’s stock worth $243,000 after acquiring an additional 17,117 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of MakeMyTrip during the fourth quarter worth about $939,000. Institutional investors own 46.88% of the company’s stock.

MMYT traded down $0.30 on Monday, reaching $34.85. The company had a trading volume of 189,115 shares, compared to its average volume of 342,317. The stock has a market cap of $3,222.45, a PE ratio of -18.54 and a beta of -0.08. MakeMyTrip has a 1 year low of $22.40 and a 1 year high of $40.90.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2018/04/16/brokerages-anticipate-makemytrip-mmyt-to-post-0-30-earnings-per-share.html.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and internationally. MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, the Netherlands, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Hong Kong, and Bangladesh.

Get a free copy of the Zacks research report on MakeMyTrip (MMYT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for MakeMyTrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply