MakeMyTrip Ltd reports results for the quarter ended in December - Earnings Summary

MakeMyTrip

23/01/2024 14:31

* MakeMyTrip Ltd  MMYT.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
four analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 19 cents to 33
cents per share.
    * Revenue rose 25.6% to $214.22 million from a year ago;
analysts
expected $208.59 million. 
    * MakeMyTrip Ltd's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $24.26
million.
    * MakeMyTrip Ltd shares had risen by 6.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for MakeMyTrip
Ltd is
$52.50 

This summary was machine generated from LSEG data January 23 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.24           0.35           Beat
 Sep. 30 2023      0.11           0.25           Beat
 Jun. 30 2023      0.09           0.17           Beat
 Mar. 31 2023      0.05           0.08           Beat