Does The Street Have MakeMyTrip Figured Out?

MakeMyTrip (NAS: MMYT) is expected to report Q2 earnings on Nov. 6. 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 11.6% and EPS will grow 25.0%.

The average estimate for revenue is $23.8 million. On the bottom line, the average EPS estimate is $0.05.


Revenue details
Last quarter, MakeMyTrip booked revenue of $23.9 million. 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 details
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were -$0.02 for Q1 versus $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.

Recent performance
For the preceding 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.

Looking ahead

The full year's average estimate for revenue is $100.2 million. The average EPS estimate is $0.32.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 45 members out of 68 rating the stock outperform, and 23 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give MakeMyTrip a green thumbs-up, and eight 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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The article Does The Street Have MakeMyTrip Figured Out? originally appeared on Fool.com.

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 positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. 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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