Despegar Com Inc (DESP) Expected to Announce Earnings of $0.12 Per Share
Brokerages expect Despegar Com Inc (NYSE:DESP) to report earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Despegar Com’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.13. The company is scheduled to announce its next earnings report before the market opens on Thursday, March 8th.
On average, 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 fiscal year, analysts anticipate that the firm will post earnings of $0.76 per share, with EPS estimates ranging from $0.74 to $0.78. Zacks’ EPS averages are an average based on a survey of analysts that cover Despegar Com.
DESP has been the topic of a number of research reports. UBS Group raised shares of Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday, January 11th. Zacks Investment Research raised shares of Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, December 15th. Morgan Stanley lifted their price objective on shares of Despegar Com from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Finally, Cowen reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Despegar Com in a research report on Sunday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $35.00.
Several institutional investors have recently modified their holdings of the company. General Atlantic LLC purchased a new stake in Despegar Com during the 3rd quarter worth approximately $101,607,000. State of New Jersey Common Pension Fund D purchased a new stake in Despegar Com during the 3rd quarter worth approximately $835,000. Ameriprise Financial Inc. purchased a new stake in Despegar Com during the 3rd quarter worth approximately $15,403,000. Columbus Circle Investors purchased a new stake in Despegar Com during the 3rd quarter worth approximately $4,268,000. Finally, Citadel Advisors LLC purchased a new stake in Despegar Com during the 3rd quarter worth approximately $4,453,000. 74.11% of the stock is currently owned by hedge funds and other institutional investors.
Despegar Com Company Profile
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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