Preview: MakeMyTrip's Earnings
Portfolio Pulse from Benzinga Insights
MakeMyTrip (NASDAQ:MMYT) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with an estimated EPS of $0.24. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows mixed results with both beats and misses, sometimes followed by stock price drops. Shares are currently trading at $49.6, up 64.73% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 22, 2024 | 3:00 pm
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NEUTRAL IMPACT
MakeMyTrip is anticipated to report quarterly earnings with an EPS estimate of $0.24. Past performance shows mixed stock price reactions post-earnings. Shares are up 64.73% over the past year, reflecting a positive long-term trend.
The short-term impact on MMYT's stock price is uncertain due to mixed historical reactions to earnings reports. While a beat on EPS and positive guidance could lead to a price increase, past performance shows that even beating EPS estimates can sometimes result in a price drop. The long-term bullish trend may mitigate negative short-term reactions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100