MakeMyTrip Limited reports results for the quarter ended September 30 - Earnings Summary

• MakeMyTrip Limited reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of four analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 3 cents to 45 cents per share.

• Revenue rose 2.5% to $235.16 million from a year ago; analysts expected $274.23 million.

• MakeMyTrip Limited's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $1.84 million.

• MakeMyTrip Limited shares had fallen by 10.8% this quarter and lost 48.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the leisure & recreation peer group is also "buy"

• Wall Street's median 12-month price target for MakeMyTrip Limited is $75.00, about 43.9% above its last closing price of $42.09

This summary was machine generated from LSEG data October 26 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)