Despegar.com (DESP) to Launch Earnings on Thursday

Despegar.com (NYSE:DESPGet Score) is about to difficulty its quarterly earnings information earlier than the market opens on Thursday, November seventeenth. Analysts count on the corporate to announce earnings of ($0.16) per share for the quarter.

Despegar.com (NYSE:DESPGet Score) final launched its quarterly earnings information on Thursday, August 18th. The corporate reported ($0.23) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.15) by ($0.08). The corporate had income of $134.42 million in the course of the quarter, in comparison with analyst estimates of $128.66 million. Throughout the identical interval within the prior yr, the corporate earned ($0.32) EPS. On common, analysts count on Despegar.com to submit $-1 EPS for the present fiscal yr and $0 EPS for the subsequent fiscal yr.

Despegar.com Value Efficiency

NYSE:DESP opened at $5.87 on Thursday. Despegar.com has a 12-month low of $5.49 and a 12-month excessive of $12.82. The enterprise has a 50 day easy transferring common of $6.66 and a 200 day easy transferring common of $7.84. The agency has a market capitalization of $418.21 million, a P/E ratio of -4.55 and a beta of 1.89.

Institutional Buying and selling of Despegar.com

A number of hedge funds have just lately added to or lowered their stakes within the enterprise. UBS Group AG raised its holdings in Despegar.com by 246.3% within the 2nd quarter. UBS Group AG now owns 4,671 shares of the corporate’s inventory valued at $38,000 after buying a further 3,322 shares within the final quarter. BNP Paribas Arbitrage SA acquired a brand new place in Despegar.com within the 1st quarter valued at roughly $38,000. Captrust Monetary Advisors acquired a brand new place in Despegar.com within the 2nd quarter valued at roughly $75,000. Jane Avenue Group LLC acquired a brand new place in Despegar.com within the 2nd quarter valued at roughly $94,000. Lastly, Quantbot Applied sciences LP acquired a brand new place in shares of Despegar.com within the 2nd quarter value roughly $140,000. Institutional traders personal 56.96% of the corporate’s inventory.

Analyst Upgrades and Downgrades

Plenty of equities analysis analysts have just lately issued stories on DESP shares. Citigroup minimize their goal value on Despegar.com from $15.00 to $12.00 and set a “purchase” score on the inventory in a analysis report on Friday, August twenty sixth. Morgan Stanley boosted their goal value on Despegar.com from $10.00 to $10.50 and gave the corporate an “equal weight” score in a analysis observe on Tuesday, August twenty third. One funding analyst has rated the inventory with a maintain score and 4 have given a purchase score to the corporate. Primarily based on information from MarketBeat.com, Despegar.com at present has a median score of “Reasonable Purchase” and a median goal value of $12.70.

About Despegar.com

(Get Score)

Despegar.com, Corp., on-line journey firm, supplies a variety of journey and travel-related merchandise by means of its web sites and cellular functions in Latin America. The corporate operates in two segments, Air; and Packages, Resorts and Different Journey Merchandise. It provides airline tickets; and journey packages, lodge rooms, automobile leases, bus tickets, cruise tickets, journey insurance coverage, vacation spot companies, and different travel-related merchandise, which allow customers to search out, examine, plan, and buy journey merchandise by means of its market.

See Additionally

Earnings History for Despegar.com (NYSE:DESP)

This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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