Despegar.com (NYSE:DESP) Posts Earnings Results, Beats Expectations By $0.02 EPS

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Despegar.com (NYSE:DESP) announced its quarterly earnings data on Thursday. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02, Briefing.com reports. The business had revenue of $132.00 million for the quarter, compared to analyst estimates of $123.21 million. Despegar.com had a negative net margin of 2.60% and a negative return on equity of 5.27%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) earnings per share.

Shares of DESP stock traded down $0.76 during trading on Friday, reaching $11.11. The company’s stock had a trading volume of 225,526 shares, compared to its average volume of 417,834. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $11.17 and a 200-day moving average price of $12.40. Despegar.com has a one year low of $9.52 and a one year high of $18.90. The company has a market cap of $762.16 million, a price-to-earnings ratio of 41.15 and a beta of 1.41.

A number of analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of Despegar.com from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. ValuEngine raised shares of Despegar.com from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. UBS Group set a $19.00 price objective on shares of Despegar.com and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered shares of Despegar.com from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.50.

About Despegar.com

Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings. The company was founded by Roberto Hernán Souviron, Federico Fuchs, Martín Rastellino, Ernesto Cadeiras and Christian Vilate in December 1999 and is headquartered in Buenos Aires, Argentina.

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Earnings History for Despegar.com (NYSE:DESP)

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