MakeMyTrip (MMYT) to Release Earnings on Thursday

MakeMyTrip (NASDAQ:MMYT - Get Free Report) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect MakeMyTrip to post earnings of $0.44 per share and revenue of $265,176.60 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. The firm had revenue of $210.99 million during the quarter, compared to the consensus estimate of $214.90 million. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. During the same quarter in the prior year, the company earned $0.18 EPS. On average, analysts expect MakeMyTrip to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MakeMyTrip Stock Performance

NASDAQ MMYT traded up $0.19 during trading on Thursday, hitting $105.29. The company's stock had a trading volume of 356,646 shares, compared to its average volume of 581,345. MakeMyTrip has a 52 week low of $46.85 and a 52 week high of $123.00. The firm has a market cap of $11.56 billion, a P/E ratio of 57.54, a price-to-earnings-growth ratio of 5.71 and a beta of 1.29. The firm has a 50 day moving average price of $111.68 and a 200 day moving average price of $101.59. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MMYT shares. StockNews.com cut shares of MakeMyTrip from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, December 27th.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.