Despegar.com (DESP) to Release Earnings on Thursday

Despegar.com (NYSE:DESP - Get Free Report) is projected to issue its Q4 2024 quarterly earnings data before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $212.40 million for the quarter.

Despegar.com (NYSE:DESP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.61). The business had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The company's revenue was up 8.7% on a year-over-year basis. 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 Trading Up 0.1%

NYSE:DESP traded up $0.02 during trading hours on Tuesday, hitting $19.48. 336,455 shares of the company were exchanged, compared to its average volume of 1,624,148. The company has a fifty day simple moving average of $19.18 and a 200 day simple moving average of $18.39. Despegar.com has a one year low of $9.25 and a one year high of $19.55. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -649.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.20.

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.