Brokerages expect that Despegar.com Corp (NYSE:DESP) will announce earnings of $0.07 per share for the current quarter, Zacks reports. Two analysts have made estimates for Despegar.com’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.00. Despegar.com reported earnings of $0.18 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 61.1%. The business is expected to report its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Despegar.com will report full year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.23 to $0.36. For the next year, analysts forecast that the business will post earnings of $0.35 per share, with EPS estimates ranging from $0.28 to $0.41. Zacks’ EPS averages are an average based on a survey of research analysts that cover Despegar.com.

Despegar.com (NYSE:DESP) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15). The business had revenue of $121.25 million during the quarter, compared to analyst estimates of $123.77 million. Despegar.com had a return on equity of 11.28% and a net margin of 5.25%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS.

Separately, KeyCorp began coverage on Despegar.com in a research note on Tuesday, December 18th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its stake in Despegar.com by 200.2% in the second quarter. Morgan Stanley now owns 1,658,017 shares of the company’s stock valued at $34,769,000 after buying an additional 1,105,785 shares during the last quarter. Global Thematic Partners LLC raised its stake in shares of Despegar.com by 118.2% during the third quarter. Global Thematic Partners LLC now owns 1,590,910 shares of the company’s stock valued at $26,838,000 after purchasing an additional 861,833 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Despegar.com during the third quarter valued at about $10,672,000. Schroder Investment Management Group bought a new stake in shares of Despegar.com during the second quarter valued at about $11,876,000. Finally, Brown Advisory Inc. bought a new stake in shares of Despegar.com during the third quarter valued at about $8,044,000. Institutional investors own 66.53% of the company’s stock.

DESP stock opened at $14.21 on Friday. The firm has a market capitalization of $985.55 million, a price-to-earnings ratio of 20.59 and a beta of 0.28. Despegar.com has a 1 year low of $11.11 and a 1 year high of $36.56.

Despegar.com Company Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

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