Yatra Online (NASDAQ:YTRA) Releases Quarterly Earnings Results, Beats Estimates By $0.59 EPS

Key Points

• Yatra Online reported earnings of $0.01 per share, exceeding expectations by $0.59, as analysts had predicted a loss of $0.58 per share.
• Shares of Yatra Online experienced a slight increase of 0.3%, trading at $0.90, with a market capitalization of $56.96 million.
• Analysts from HC Wainwright reaffirmed a "buy" rating on Yatra Online with a target price of $3.00, potentially indicating confidence in the company's future growth.

Yatra Online (NASDAQ:YTRA - Get Free Report) issued its earnings results on Friday. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.59, Zacks reports. Yatra Online had a net margin of 0.31% and a return on equity of 0.36%. The company had revenue of $24.47 million for the quarter, compared to analysts' expectations of $2.17 billion.

Yatra Online Stock Up 13.3%

Shares of NASDAQ:YTRA traded up $0.15 during trading on Wednesday, reaching $1.28. The stock had a trading volume of 274,924 shares, compared to its average volume of 95,984. Yatra Online has a one year low of $0.58 and a one year high of $1.75. The company has a market capitalization of $79.46 million, a P/E ratio of 128.13 and a beta of 1.05. The company has a current ratio of 1.99, a quick ratio of 2.09 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $0.96 and its 200 day simple moving average is $0.89.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $3.00 target price on shares of Yatra Online in a report on Tuesday, June 3rd.

Yatra Online Company Profile

Yatra Online, Inc operates as an online travel company in India and internationally. It operates in Air Ticketing, and Hotels and Packages, and Other Services segments. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, cab bookings, and ancillary services for leisure and business travelers.