-$0.14 EPS Expected for Despegar.com, Corp. (NYSE:DESP) This Quarter

Equities analysts predict that Despegar.com, Corp. (NYSE:DESPGet Rating) will report ($0.14) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Despegar.com’s earnings. Despegar.com posted earnings of ($0.47) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 70.2%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Despegar.com will report full-year earnings of ($0.27) per share for the current year. For the next year, analysts forecast that the company will post earnings of ($0.14) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Despegar.com.

Despegar.com (NYSE:DESPGet Rating) last issued its earnings results on Thursday, March 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.11). Despegar.com had a negative return on equity of 1,706.01% and a negative net margin of 31.79%. During the same quarter in the prior year, the firm posted ($0.24) earnings per share.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Despegar.com from a “sell” rating to a “hold” rating in a report on Friday, March 11th. KeyCorp cut their price target on Despegar.com from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 20th. Finally, Citigroup raised Despegar.com from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, January 25th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC grew its position in Despegar.com by 163.0% in the third quarter. Neuberger Berman Group LLC now owns 2,146,890 shares of the company’s stock worth $25,826,000 after buying an additional 1,330,641 shares during the last quarter. Alliancebernstein L.P. grew its position in Despegar.com by 57.0% in the fourth quarter. Alliancebernstein L.P. now owns 3,578,306 shares of the company’s stock worth $35,032,000 after buying an additional 1,298,759 shares during the last quarter. Bares Capital Management Inc. grew its position in Despegar.com by 124.5% in the third quarter. Bares Capital Management Inc. now owns 1,935,404 shares of the company’s stock worth $23,283,000 after buying an additional 1,073,267 shares during the last quarter. Marshall Wace LLP grew its position in Despegar.com by 178.6% in the third quarter. Marshall Wace LLP now owns 700,720 shares of the company’s stock worth $8,430,000 after buying an additional 449,212 shares during the last quarter. Finally, Morgan Stanley grew its position in Despegar.com by 84.4% during the 2nd quarter. Morgan Stanley now owns 752,215 shares of the company’s stock worth $9,937,000 after purchasing an additional 344,276 shares in the last quarter. Institutional investors and hedge funds own 45.77% of the company’s stock.

Shares of NYSE DESP opened at $11.09 on Monday. The firm’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $11.08. Despegar.com has a 52-week low of $7.97 and a 52-week high of $15.09. The stock has a market capitalization of $777.40 million, a P/E ratio of -6.93 and a beta of 2.16.

About Despegar.com (Get Rating)

Despegar.com, Corp., online travel company, provides a range of travel and travel-related products through its websites and mobile applications in Latin America. The company operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets; travel packages, hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance, destination services, and other travel-related products, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

See Also

Get a free copy of the Zacks research report on Despegar.com (DESP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Despegar.com (NYSE:DESP)

Receive News & Ratings for Despegar.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar.com and related companies with MarketBeat.com's FREE daily email newsletter.