Despegar.com (DESP) Scheduled to Post Quarterly Earnings on Thursday

Despegar.com (NYSE:DESP) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect Despegar.com to post earnings of $0.04 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Despegar.com (NYSE:DESP) last released its earnings results on Thursday, March 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The business had revenue of $132.52 million for the quarter, compared to analyst estimates of $127.70 million. Despegar.com had a return on equity of 7.37% and a net margin of 3.61%. On average, analysts expect Despegar.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of DESP opened at $14.49 on Tuesday. Despegar.com has a twelve month low of $11.11 and a twelve month high of $28.97. The firm has a market capitalization of $1.02 billion, a PE ratio of 53.67 and a beta of 1.01.

Separately, Zacks Investment Research lowered shares of Despegar.com from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Despegar.com currently has an average rating of “Hold” and a consensus target price of $23.50.

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About Despegar.com

Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.

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Earnings History for Despegar.com (NYSE:DESP)

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