Zacks: Analysts Expect Despegar Com Inc (DESP) Will Post Earnings of $0.12 Per Share

Equities research analysts expect that Despegar Com Inc (NYSE:DESP) will post earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Despegar Com’s earnings, with estimates ranging from $0.10 to $0.13. The business is scheduled to announce its next earnings results before the market opens on Thursday, March 8th.

According to Zacks, analysts expect that Despegar Com will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.53 to $0.57. For the next financial year, analysts expect that the firm will report earnings of $0.76 per share, with EPS estimates ranging from $0.74 to $0.78. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Despegar Com.

Several research firms have recently commented on DESP. Zacks Investment Research lowered Despegar Com from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. UBS Group upgraded Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, January 11th. Cowen restated a “buy” rating and set a $35.00 target price on shares of Despegar Com in a research note on Sunday, November 19th. Finally, Morgan Stanley boosted their target price on Despegar Com from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.00.

A number of hedge funds have recently made changes to their positions in the stock. General Atlantic LLC acquired a new position in shares of Despegar Com during the 3rd quarter worth approximately $101,607,000. Ameriprise Financial Inc. acquired a new stake in shares of Despegar Com during the 3rd quarter valued at about $15,403,000. Lombard Odier Asset Management Switzerland SA boosted its position in shares of Despegar Com by 826.4% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 463,200 shares of the company’s stock valued at $12,729,000 after acquiring an additional 413,200 shares in the last quarter. Carmignac Gestion acquired a new stake in shares of Despegar Com during the 3rd quarter valued at about $8,000,000. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Despegar Com during the 4th quarter valued at about $6,225,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Despegar Com (DESP) traded up $0.38 on Friday, hitting $28.58. The stock had a trading volume of 186,995 shares, compared to its average volume of 156,766. Despegar Com has a 52-week low of $22.73 and a 52-week high of $34.70.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Despegar Com Inc (DESP) Will Post Earnings of $0.12 Per Share” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2018/02/21/zacks-analysts-expect-despegar-com-inc-desp-will-post-earnings-of-0-12-per-share.html.

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.

Get a free copy of the Zacks research report on Despegar Com (DESP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Despegar Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Despegar Com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply