The 10-second takeaway
For the quarter ended June 30 (Q1), MakeMyTrip missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
MakeMyTrip reported revenue of $23.9 million. The four analysts polled by S&P Capital IQ anticipated revenue of $24.4 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $52.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The four earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS were -$0.02 for Q1 against $0.02 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 quarter, gross margin was 25.4%, 690 basis points worse than the prior-year quarter. Operating margin was -0.3%, 370 basis points worse than the prior-year quarter. Net margin was -1.3%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.3 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $104.2 million. The average EPS estimate is $0.34.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 43 members out of 68 rating the stock outperform, and 25 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give MakeMyTrip a green thumbs-up, and 11 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 $23.00.
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