MakeMyTrip (Nasdaq: MMYT ) is expected to report Q3 earnings on Feb. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MakeMyTrip's revenues will contract -7.4% and EPS will shrink -62.5%.
The average estimate for revenue is $21.9 million. On the bottom line, the average EPS estimate is $0.03.
Last quarter, MakeMyTrip booked revenue of $20.2 million. GAAP reported sales were 4.3% higher than the prior-year quarter's $43.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.03. GAAP EPS were -$0.03 for Q2 versus $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 27.6%, 580 basis points worse than the prior-year quarter. Operating margin was -6.2%, 830 basis points worse than the prior-year quarter. Net margin was -2.5%, 280 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $88.6 million. The average EPS estimate is $0.16.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 45 members out of 66 rating the stock outperform, and 21 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give MakeMyTrip a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MakeMyTrip is outperform, with an average price target of $20.60.
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