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

MakeMyTrip

15/05/2024 14:31

* MakeMyTrip Ltd  MMYT.OQ  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 8
cents.  The mean expectation of four analysts for the quarter
was for earnings of 20 cents per share. Wall Street expected
results to range from 14 cents to 26 cents per share.
    * Revenue rose 36.6% to $202.89 million from a year ago;
analysts
expected $197.42 million. 
    * MakeMyTrip Ltd's reported EPS for the quarter was $1.26​.
    * The company reported quarterly net income of $172.01
million.
    * MakeMyTrip Ltd shares had risen by 8.4% this quarter and
gained 64.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$75.00 
This summary was machine generated from LSEG data May 15 at
01:31 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
 Mar. 31 2024      0.20           0.38           Beat
 Dec. 31 2023      0.24           0.35           Beat
 Sep. 30 2023      0.11           0.25           Beat
 Jun. 30 2023      0.09           0.17           Beat