MakeMyTrip (NASDAQ:MMYT) Releases Quarterly Earnings Results

MakeMyTrip (NASDAQ:MMYT) posted its earnings results on Tuesday. The technology company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.21), Fidelity Earnings reports. MakeMyTrip had a negative return on equity of 11.11% and a negative net margin of 34.52%. The firm had revenue of $198.50 million for the quarter, compared to the consensus estimate of $183.94 million. During the same period in the prior year, the business earned ($0.37) EPS. MakeMyTrip’s quarterly revenue was up 16.7% compared to the same quarter last year.

Shares of MMYT stock traded down $0.19 during trading hours on Friday, hitting $24.50. 3,669 shares of the company were exchanged, compared to its average volume of 215,164. The company’s fifty day moving average price is $26.63. MakeMyTrip has a 52-week low of $19.66 and a 52-week high of $35.15. The firm has a market cap of $2.49 billion, a PE ratio of -15.24 and a beta of 0.39.

Several research firms have commented on MMYT. Zacks Investment Research cut shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America set a $24.00 price target on shares of MakeMyTrip and gave the stock a “sell” rating in a research note on Monday, May 20th. BidaskClub upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Thursday, July 4th. Finally, ValuEngine lowered shares of MakeMyTrip from a “buy” rating to a “hold” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.76.

MakeMyTrip Company Profile

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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Earnings History for MakeMyTrip (NASDAQ:MMYT)

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