Despegar.com (DESP) Projected to Post Quarterly Earnings on Wednesday

Despegar.com (NYSE:DESP) will likely be announcing its earnings results after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $212.40 million for the quarter.

Despegar.com Trading Down 0.2 %

Shares of Despegar.com stock opened at $19.21 on Tuesday. The firm’s 50-day moving average is $19.21 and its 200 day moving average is $16.31. Despegar.com has a 1 year low of $9.25 and a 1 year high of $19.55.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DESP shares. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley increased their target price on shares of Despegar.com from $17.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Finally, B. Riley lowered shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.20.

Despegar.com Company Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.