Despegar.com (NYSE:DESP) Posts Earnings Results, Misses Estimates By $0.61 EPS

Despegar.com (NYSE:DESP - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.61), Zacks reports. The firm had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.40 million. Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year.

Despegar.com Trading Up 0.2 %

NYSE DESP opened at $19.46 on Thursday. Despegar.com has a twelve month low of $9.25 and a twelve month high of $19.55. The firm's 50 day moving average price is $19.14 and its two-hundred day moving average price is $18.03.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut shares of Despegar.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.