MakeMyTrip (MMYT) stock price rises, outperforming S&P 500, with positive earnings outlook.

MakeMyTrip (MMYT) closed at $86.66, up 0.83% from the day before, outperforming the S&P 500. Prior to this, the stock had gained 6.84% in the past month, lagging behind the sector but surpassing the S&P 500. Investors await MakeMyTrip’s earnings report, with predictions of an EPS of $0.38 and revenue of $230.58 million.

Analysts have revised estimates for MakeMyTrip, reflecting short-term business trends. Upbeat changes in estimates indicate positive outlook. The Zacks Rank system, rating stocks from #1 (Strong Buy) to #5 (Strong Sell), shows MakeMyTrip at #2 (Buy). The stock has a Forward P/E ratio of 53.22, higher than the industry average, and a PEG ratio of 4.6.

The Internet – Delivery Services industry, to which MakeMyTrip belongs, has a Zacks Industry Rank of 27, within the top 11% of industries. Industry ranking evaluates stocks within the group. Follow these metrics and more on Zacks.com for insights. Zacks experts have identified a “Single Best Pick to Double” stock with explosive upside potential, making it a notable stock to watch for investors.

Read more at Nasdaq: MakeMyTrip (MMYT) Beats Stock Market Upswing: What Investors Need to Know