Despegar.com (DESP) to Release Earnings on Thursday

Despegar.com (NYSE:DESP) is set to announce its earnings results after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Despegar.com has set its FY 2024 guidance at EPS.

Despegar.com (NYSE:DESP) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The firm had revenue of $185.05 million for the quarter, compared to analyst estimates of $184.35 million. Despegar.com had a net margin of 3.30% and a negative return on equity of 62.18%. On average, analysts expect Despegar.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Despegar.com Stock Up 2.0 %

Shares of Despegar.com stock opened at $15.20 on Friday. Despegar.com has a twelve month low of $6.75 and a twelve month high of $15.82. The firm’s 50-day moving average price is $13.20 and its 200 day moving average price is $12.94.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DESP. Citigroup upped their price objective on Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 target price on shares of Despegar.com in a research report on Friday, August 16th. Finally, TD Cowen boosted their target price on Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th.

Despegar.com Company Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.