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Will These Numbers from MakeMyTrip Be Good Enough for You?

By Seth Jayson – Updated Apr 10, 2017 at 1:14PM

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Checking expectations

MakeMyTrip (Nasdaq: MMYT) is expected to report Q4 earnings on May 22. 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 grow 0.0% and EPS will shrink to a loss.

The average estimate for revenue is $22.1 million. On the bottom line, the average EPS estimate is -$0.06.

Revenue details
Last quarter, MakeMyTrip booked revenue of $22.4 million. GAAP reported sales were 19% higher than the prior-year quarter's $53.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.07. GAAP EPS were -$0.14 for Q3 compared to $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.

Recent performance
For the preceding quarter, gross margin was 20.0%, 910 basis points worse than the prior-year quarter. Operating margin was -9.5%, much worse than the prior-year quarter. Net margin was -8.2%, 830 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $88.6 million. The average EPS estimate is -$0.05.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 41 members out of 61 rating the stock outperform, and 20 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give MakeMyTrip a green thumbs-up, and five 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 $15.67.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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