Despegar Com Inc (DESP) Expected to Post Quarterly Sales of $135.20 Million

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.

Several research firms have issued reports on DESP. Morgan Stanley started coverage on Despegar Com in a report on Monday, October 16th. They set an “equal weight” rating and a $31.00 price objective on the stock. UBS Group started coverage on Despegar Com in a report on Monday, October 16th. They issued a “neutral” rating and a $36.00 target price on the stock. KeyCorp started coverage on Despegar Com in a report on Monday, October 16th. They issued an “overweight” rating and a $40.00 target price on the stock. Citigroup started coverage on Despegar Com in a report on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 target price on the stock. Finally, Zacks Investment Research downgraded Despegar Com from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Despegar Com presently has a consensus rating of “Buy” and an average price target of $35.00.

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.

TRADEMARK VIOLATION NOTICE: “Despegar Com Inc (DESP) Expected to Post Quarterly Sales of $135.20 Million” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/03/despegar-com-inc-desp-expected-to-post-quarterly-sales-of-135-20-million-2.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