The 10-second takeaway
For the quarter ended Sep. 30 (Q2), MakeMyTrip whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share.
Margins contracted across the board.
MakeMyTrip booked revenue of $20.2 million. The five analysts polled by S&P Capital IQ anticipated net sales of $23.7 million on the same basis. 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.
EPS came in at $0.03. The three earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. 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 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.
Next quarter's average estimate for revenue is $26.4 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $90.2 million. The average EPS estimate is $0.20.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 45 members out of 65 rating the stock outperform, and 20 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give MakeMyTrip a green thumbs-up, and six 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.
Looking for alternatives to MakeMyTrip? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add MakeMyTrip to My Watchlist.