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

MakeMyTrip

23/07/2024 14:30

* MakeMyTrip Ltd  MMYT.OQ  reported quarterly adjusted
earnings of
39 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 17
cents.  The mean expectation of five analysts for the quarter
was for earnings of 28 cents per share. Wall Street expected
results to range from 18 cents to 42 cents per share.
    * Revenue rose 29.4% to $254.52 million from a year ago;
analysts
expected $242.19 million. 
    * MakeMyTrip Ltd's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $21.05
million.
    * MakeMyTrip Ltd shares had risen by 6.6% this quarter and
gained 90.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for MakeMyTrip Ltd is
$97.00 
This summary was machine generated from LSEG data July 23 at
01:30 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
 Jun. 30 2024      0.28           0.39           Beat
 Mar. 31 2024      0.20           0.38           Beat
 Dec. 31 2023      0.24           0.35           Beat
 Sep. 30 2023      0.11           0.25           Beat