Equities analysts predict that Despegar.com, Corp. (NYSE:DESP – Get 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:DESP – Get 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.
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.
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