MakeMyTrip Limited (NASDAQ:MMYT) is set to announce second quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MMYT to report 2Q21 loss of $ 0.31 per share from revenue of $ 24.94 million.
For the full year, analysts anticipate top line of $ 231.80 million, while looking forward to loss of $ 1.02 per share bottom line.
Previous Quarter Performance
MakeMyTrip Limited disclosed loss for the first quarter of $ 0.20 per share, from the revenue of $ 6.36 million. The quarterly revenues dropped 96.80 percent compared with the same quarter last year. According to street consensus, MMYT was expected to report 1Q21 loss of $ 0.50 per share from revenue of $ 10.55 million. The bottom line results beat street analysts by $ 0.3 or 60.00 percent, at the same time, top line results fell short of analysts by $ 4.19 million or 39.72 percent.
Stock Performance
Shares of MakeMyTrip Limited traded up $ 1.66 or 8.29 percent on Friday, reaching $ 21.69 with volume of 1.50 million shares. MakeMyTrip Limited has traded high as $ 21.76 and has cracked $ 20.50 on the downward trend
According to the previous trading day, closing price of $ 21.69, representing a 100.30 % increase from the 52 week low of $ 10.00 and a 33.52 % decrease over the 52 week high of $ 30.13.
The company has a market capital of $ 2.24 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
MakeMyTrip Limited will be hosting a conference call at 7:30 AM eastern time on 27th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.makemytrip.com
MakeMyTrip Limited, an online travel company, engages in the business of selling travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, China, Colombia, and Peru. It operates through two segments, Air Ticketing, and Hotels and Packages. The companys services and products include air tickets, hotels, packages, rail tickets, bus tickets, and car hire, as well as ancillary travel requirements, such as facilitating access to travel insurance and visa processing.
