MakeMyTrip (NASDAQ:MMYT) is set to post its quarterly earnings results before the market opens on Thursday, February 8th. Analysts expect MakeMyTrip to post earnings of ($0.52) per share for the quarter.
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 consensus estimate of ($0.72) by $0.27. The firm had revenue of $139.20 million during the quarter, compared to analyst estimates of $110.72 million. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The company’s revenue was up 161.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.61) EPS. On average, analysts expect MakeMyTrip to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Shares of MakeMyTrip (NASDAQ:MMYT) opened at $30.60 on Thursday. The firm has a market cap of $2,796.15, a price-to-earnings ratio of -15.85 and a beta of 0.17. MakeMyTrip has a one year low of $22.40 and a one year high of $40.90.
MMYT has been the subject of several research analyst reports. Zacks Investment Research lowered shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Jefferies Group reiterated a “hold” rating and issued a $31.50 price objective on shares of MakeMyTrip in a research note on Friday, October 13th. Goldman Sachs Group initiated coverage on shares of MakeMyTrip in a research note on Thursday, November 30th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, TheStreet lowered shares of MakeMyTrip from a “c-” rating to a “d” rating in a research note on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. MakeMyTrip presently has a consensus rating of “Sell” and an average target price of $32.13.
A hedge fund recently raised its stake in MakeMyTrip stock. State Street Corp increased its stake in MakeMyTrip Limited (NASDAQ:MMYT) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,868 shares of the technology company’s stock after acquiring an additional 4,966 shares during the quarter. State Street Corp owned 0.06% of MakeMyTrip worth $1,136,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 43.08% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “MakeMyTrip (MMYT) Scheduled to Post Earnings on Thursday” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/01/makemytrip-mmyt-scheduled-to-post-earnings-on-thursday.html.
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.
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.