MakeMyTrip Ltd reports results for the quarter ended in September 30 - Earnings Summary

MakeMyTrip

23/10/2024 14:39

* MakeMyTrip Ltd  MMYT.OQ  reported quarterly adjusted
earnings of
36 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 25 cents.  The mean expectation of four analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 15 cents to 37 cents per share.
    * Revenue rose 25.1% to $210.99 million from a year ago;
analysts
expected $215.00 million. 
    * MakeMyTrip Ltd's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $17.85
million.
    * MakeMyTrip Ltd shares had risen by 10.8% this quarter and
gained 119.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
112.00 
This summary was machine generated from LSEG data October 23 at
01:39 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
 Sep. 30 2024      0.26           0.36           Beat
 Jun. 30 2024      0.28           0.39           Beat
 Mar. 31 2024      0.20           0.35           Beat
 Dec. 31 2023      0.24           0.35           Beat