Q4 2024 Earnings Forecast for Despegar.com, Corp. (NYSE:DESP) Issued By B. Riley

Despegar.com, Corp. (NYSE:DESP) – Investment analysts at B. Riley cut their Q4 2024 EPS estimates for Despegar.com in a report issued on Friday, August 16th. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.40. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. The consensus estimate for Despegar.com’s current full-year earnings is $0.83 per share. B. Riley also issued estimates for Despegar.com’s Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.66 EPS, FY2027 earnings at $1.92 EPS and FY2028 earnings at $2.25 EPS.

Several other equities research analysts also recently weighed in on the stock. Citigroup raised their target price on shares of Despegar.com from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $17.00 target price on shares of Despegar.com in a report on Friday.

Despegar.com Trading Down 6.2 %

NYSE DESP opened at $10.29 on Monday. Despegar.com has a 52-week low of $6.09 and a 52-week high of $15.82. The firm’s 50 day moving average price is $12.48 and its 200-day moving average price is $11.85.

Despegar.com (NYSE:DESP) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Despegar.com had a net margin of 5.41% and a negative return on equity of 44.06%. The firm had revenue of $173.66 million for the quarter, compared to the consensus estimate of $172.23 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DESP. Quantbot Technologies LP boosted its position in Despegar.com by 4.8% during the first quarter. Quantbot Technologies LP now owns 31,462 shares of the company’s stock worth $376,000 after acquiring an additional 1,452 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Despegar.com by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after acquiring an additional 2,104 shares during the last quarter. Amalgamated Bank acquired a new position in Despegar.com in the 2nd quarter valued at about $28,000. Altfest L J & Co. Inc. raised its stake in shares of Despegar.com by 4.7% in the 1st quarter. Altfest L J & Co. Inc. now owns 48,505 shares of the company’s stock valued at $580,000 after acquiring an additional 2,179 shares during the period. Finally, Activest Wealth Management purchased a new stake in Despegar.com during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 67.93% of the company’s stock.

About Despegar.com

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.