MakeMyTrip (MMYT) Projected to Post 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

MakeMyTrip (NASDAQ:MMYT) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $214.90 million. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%. During the same quarter last year, the firm earned $0.18 EPS. On average, analysts expect MakeMyTrip to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MakeMyTrip Stock Performance

Shares of MakeMyTrip stock opened at $106.80 on Tuesday. MakeMyTrip has a 52 week low of $47.04 and a 52 week high of $123.00. 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 business has a 50 day moving average price of $111.68 and a 200-day moving average price of $102.06. The company has a market cap of $11.72 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 5.71 and a beta of 1.29.

Analysts Set New Price Targets

MMYT has been the subject of a number of analyst reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Bank of America boosted their target price on MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research note 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.