Golf Clap for MakeMyTrip Limited

Seth Jayson, The Motley Fool
Updated

MakeMyTrip Limited (NAS: MMYT) reported earnings on Feb. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), MakeMyTrip Limited met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped to zero.

Gross margins increased, operating margins dropped, net margins dropped.

Revenue details
MakeMyTrip Limited logged revenue of $23.7 million. The six analysts polled by S&P Capital IQ expected revenue of $24.0 million on the same basis. GAAP reported sales were 50% higher than the prior-year quarter's $35.8 million.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.08. The six earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share on the same basis. GAAP EPS shrank to zero from the prior-year quarter's $0.04.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 44.0%, 710 basis points better than the prior-year quarter. Operating margin was 2.4%, 170 basis points worse than the prior-year quarter. Net margin was 0.1%, 440 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $22.9 million. On the bottom line, the average EPS estimate is $0.07.

Next year's average estimate for revenue is $89.0 million. The average EPS estimate is $0.22.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 51 members out of 75 rating the stock outperform, and 24 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give MakeMyTrip Limited a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MakeMyTrip Limited is outperform, with an average price target of $34.17.

If you're invested in retailers like MakeMyTrip Limited, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.

At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement