Examining the Future: MakeMyTrip's Earnings Outlook
Portfolio Pulse from Benzinga Insights
MakeMyTrip (NASDAQ:MMYT) is set to release its quarterly earnings on October 23, 2024, with analysts expecting an EPS of $0.26. Despite past earnings beats, the stock has seen price drops, highlighting the importance of future guidance. Analysts rate MMYT as a 'Buy' with a price target of $109.0, suggesting a 4.22% upside. The company shows strong revenue growth but lags in profitability metrics compared to peers.
October 22, 2024 | 8:03 pm
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MakeMyTrip is expected to report an EPS of $0.26. Despite past earnings beats, the stock has seen price declines, emphasizing the importance of future guidance. Analysts rate it as a 'Buy' with a $109 price target, indicating a potential 4.22% upside.
MakeMyTrip's upcoming earnings report is crucial as past earnings beats have not translated into stock price gains, highlighting the importance of future guidance. The 'Buy' rating and price target suggest moderate optimism, but the stock's reaction will depend heavily on the guidance provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100