MakeMyTrip (MMYT) to Release Quarterly Earnings on Thursday

MakeMyTrip (NASDAQ:MMYT) is projected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $265,176.60 billion for the quarter.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. The business had revenue of $210.99 million during the quarter, compared to analyst estimates of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, analysts expect MakeMyTrip to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MakeMyTrip Trading Up 2.2 %

Shares of MakeMyTrip stock opened at $105.10 on Thursday. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 57.43, a price-to-earnings-growth ratio of 6.59 and a beta of 1.29. The business has a fifty day simple moving average of $111.66 and a 200-day simple moving average of $101.56. MakeMyTrip has a fifty-two week low of $46.31 and a fifty-two week high of $123.00.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America upped their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.