Despegar.com (DESP) to Release Earnings on Thursday

Despegar.com (NYSE:DESP) is expected to be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $212.40 million for the quarter.

Despegar.com (NYSE:DESP) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). Despegar.com had a net margin of 4.45% and a negative return on equity of 58.97%. The company had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.40 million. The company’s revenue was up 8.7% on a year-over-year basis. 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 Stock Down 0.1 %

DESP opened at $19.45 on Thursday. Despegar.com has a twelve month low of $9.25 and a twelve month high of $19.55. The company has a fifty day moving average of $19.16 and a 200-day moving average of $18.24. The stock has a market cap of $1.63 billion, a PE ratio of -648.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61.

Analyst Ratings Changes

Separately, B. Riley downgraded Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.20.

Despegar.com Company Profile

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.