MakeMyTrip Limited Earnings: Everything You Must Know Now
MakeMyTrip Limited (NASDAQ:MMYT) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
MakeMyTrip Limited Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.17 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Decreased 53.57% to $21.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MakeMyTrip Limited reported adjusted EPS loss of $0.17 per share. By that measure, the company missed the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: “In fiscal year 2013 we succeeded by offering superior user experience and customer satisfaction, despite facing various operating challenges,” said Deep Kalra, Chairman and CEO. “As part of our long term strategy to grow the Hotels and packages business, we significantly improved our annual non-air net revenue mix to over 35%.”
Key Stats (on next page)…
Revenue decreased 65.85% from $63.83 million in the previous quarter. EPS increased to $-0.17 in the quarter versus EPS of $ in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)