Despegar.com (DESP) to Release Quarterly Earnings on Wednesday

Despegar.com (NYSE:DESP) is projected to release its earnings data after the market closes on Wednesday, March 12th. Analysts expect Despegar.com to post earnings of $0.39 per share and revenue of $212.40 million for the quarter.

Despegar.com Price Performance

Shares of DESP opened at $19.26 on Monday. The firm has a fifty day simple moving average of $19.22 and a two-hundred day simple moving average of $16.26. Despegar.com has a twelve month low of $9.25 and a twelve month high of $19.55.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DESP shares. TD Cowen upgraded shares of Despegar.com from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley increased their price objective on 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 cut shares of Despegar.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.