Despegar.com (DESP) Set to Announce Quarterly Earnings on Thursday

Despegar.com (NYSE:DESP) will be releasing 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Despegar.com (NYSE:DESP) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. Despegar.com had a negative return on equity of 62.18% and a net margin of 3.30%. The company had revenue of $185.05 million for the quarter, compared to the consensus estimate of $184.35 million. 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

DESP stock opened at $14.69 on Wednesday. The firm has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $13.00. Despegar.com has a twelve month low of $6.75 and a twelve month high of $15.82.

Analyst Ratings Changes

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