Wall Street analysts forecast that Despegar Com Inc (NYSE:DESP) will post $135.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Despegar Com’s earnings. The lowest sales estimate is $134.40 million and the highest is $136.00 million. The company is expected to announce its next quarterly earnings report on Friday, February 16th.
According to Zacks, analysts expect that Despegar Com will report full-year sales of $135.20 million for the current fiscal year, with estimates ranging from $510.42 million to $515.90 million. For the next year, analysts forecast that the firm will post sales of $614.19 million per share, with estimates ranging from $612.00 million to $618.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Despegar Com.
Despegar Com (NYSE:DESP) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05.
Despegar Com (NYSE:DESP) traded down $0.20 during midday trading on Friday, reaching $30.05. The company’s stock had a trading volume of 207,742 shares, compared to its average volume of 128,064. Despegar Com has a 12-month low of $22.73 and a 12-month high of $34.70.
Institutional investors and hedge funds have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC acquired a new position in shares of Despegar Com in the 3rd quarter valued at about $160,000. Cubist Systematic Strategies LLC acquired a new position in shares of Despegar Com in the 3rd quarter valued at about $192,000. Nationwide Fund Advisors acquired a new position in shares of Despegar Com in the 3rd quarter valued at about $253,000. Malaga Cove Capital LLC acquired a new position in shares of Despegar Com in the 4th quarter valued at about $274,000. Finally, SG Americas Securities LLC acquired a new position in shares of Despegar Com in the 3rd quarter valued at about $332,000. Institutional investors own 72.64% 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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