Despegar.com (DESP) Set to Announce Earnings on Thursday

Despegar.com (NYSE:DESP) will be posting its quarterly 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.Parties interested in participating in the company’s conference call can do so using this link.

Despegar.com (NYSE:DESP) last issued its quarterly earnings data 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 business had revenue of $185.05 million for the quarter, compared to analysts’ expectations 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 Down 3.0 %

DESP stock opened at $14.69 on Wednesday. The company has a 50-day simple moving average of $13.37 and a 200 day simple moving average of $13.00. Despegar.com has a fifty-two week low of $6.75 and a fifty-two week high of $15.82.

Wall Street Analysts Forecast Growth

DESP has been the subject of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $17.00 target price on shares of Despegar.com in a report on Friday, August 16th. Citigroup lifted their target price on Despegar.com from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, TD Cowen upped their target price on Despegar.com from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 20th.

About Despegar.com

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.