Despegar.com (DESP) Scheduled to Release Earnings on Thursday

Despegar.com (NYSE:DESP) is set to release its earnings data after the market closes on Thursday, November 14th. Analysts expect Despegar.com to post earnings of $0.20 per share for the quarter. Despegar.com has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Despegar.com (NYSE:DESP) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. The company 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 Stock Performance

Shares of DESP stock opened at $15.13 on Tuesday. The firm’s 50 day moving average is $13.31 and its 200 day moving average is $12.99. Despegar.com has a 12 month low of $6.75 and a 12 month high of $15.82.

Wall Street Analyst Weigh In

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