Despegar.com (DESP) to Release Earnings on Thursday

Despegar.com (NYSE:DESP) will 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 posted its earnings results on Thursday, August 15th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $185.05 million during the quarter, compared to analyst estimates of $184.35 million. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. 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 Price Performance

Despegar.com stock opened at $15.20 on Friday. Despegar.com has a 12 month low of $6.75 and a 12 month high of $15.82. The stock has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $12.94.

Wall Street Analysts Forecast Growth

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

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.