Despegar.com (DESP) to Release Quarterly Earnings on Wednesday

Despegar.com (NYSE:DESP) is anticipated to announce its earnings results after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $212.40 million for the quarter.

Despegar.com Price Performance

Shares of NYSE DESP opened at $19.21 on Tuesday. The business has a 50-day simple moving average of $19.21 and a two-hundred day simple moving average of $16.31. Despegar.com has a fifty-two week low of $9.25 and a fifty-two week high of $19.55.

Wall Street Analyst Weigh In

DESP has been the subject of a number of analyst reports. TD Cowen raised Despegar.com from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley boosted their price objective on Despegar.com from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Finally, B. Riley cut Despegar.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.20.

About Despegar.com

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.