Zacks: Brokerages Anticipate Despegar Com Inc (DESP) to Post $0.23 Earnings Per Share

Analysts predict that Despegar Com Inc (NYSE:DESP) will announce earnings per share (EPS) of $0.23 for the current quarter, Zacks reports. Two analysts have made estimates for Despegar Com’s earnings. The firm is scheduled to announce its next quarterly earnings results on Thursday, June 14th.

According to Zacks, analysts expect that Despegar Com will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.83. For the next year, analysts forecast that the company will post earnings of $1.03 per share, with EPS estimates ranging from $0.96 to $1.09. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Despegar Com.

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Despegar Com (NYSE:DESP) last issued its earnings results on Thursday, March 8th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $136.10 million. The firm’s revenue was up 29.5% compared to the same quarter last year.

Several equities research analysts have commented on the stock. R. F. Lafferty assumed coverage on shares of Despegar Com in a research note on Monday, March 12th. They issued a “buy” rating and a $38.00 target price for the company. Citigroup upped their target price on shares of Despegar Com from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, March 9th. Zacks Investment Research raised shares of Despegar Com from a “sell” rating to a “hold” rating and set a $36.00 target price for the company in a research note on Monday, March 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price (up previously from $32.00) on shares of Despegar Com in a research note on Friday, March 9th. Finally, UBS raised shares of Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.63.

Shares of Despegar Com (NYSE:DESP) opened at $32.45 on Friday. Despegar Com has a 12 month low of $22.73 and a 12 month high of $36.56.

Several institutional investors have recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC acquired a new position in shares of Despegar Com in the third quarter valued at approximately $160,000. BlackRock Inc. acquired a new position in shares of Despegar Com in the fourth quarter valued at approximately $142,000. Cubist Systematic Strategies LLC acquired a new position in shares of Despegar Com in the third quarter valued at approximately $192,000. Nationwide Fund Advisors acquired a new position in shares of Despegar Com in the third quarter valued at approximately $253,000. Finally, Malaga Cove Capital LLC acquired a new position in shares of Despegar Com in the fourth quarter valued at approximately $274,000. Institutional investors own 74.24% of the company’s stock.

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About Despegar Com

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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Earnings History and Estimates for Despegar Com (NYSE:DESP)

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