DESP Stock Recent News

Despegar.com (DESP) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.23 per share a year ago.

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its Second Quarter 2023 results on Thursday, August 17, before the market open. Earnings Release Thursday, August 17, 2023 Time: Before Market Open Conference Call Thursday, August 17, 2023 Time: 10:00 a.m. Eastern Time Quiet Period Monday, July 31, through Thursday, August 17, 2023 Executives Mr. Damián Scokin, Chief Executive Office.

Latin American online travel agent Despegar is on the threshold of returning to profitability. The company is reporting tremendous year-over-year growth. I believe shares could enjoy a major rerating over the next 12 months as the company completes its post-pandemic turnaround.

The online travel agency saw 40%-plus increases in both total bookings and revenue in its first quarter. It also proffered encouraging guidance.

Despegar.com (DESP) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.45 per share a year ago.

There are near-term concerns for Carvana, Despegar.com, and Foot Locker this week. Carvana is up 51% this month -- more than doubling in 2023 -- on its recovery efforts.

BRITISH VIRGIN ISLANDS--(BUSINESS WIRE)--Despegar.com, Corp. (NYSE: DESP), the leading online travel company in Latin America, today announced that it will report its First Quarter 2023 results on Thursday, May 18, before the market open. Earnings Release Thursday, May 18, 2023 Time: Before Market Open Conference Call Thursday, May 18, 2023 Time: 10:00 a.m. Eastern Time Quiet Period Thursday, April 27, through Thursday, May 18, 2023 Executives Mr. Damián Scokin, Chief Executive Officer Mr. Luca.

Despegar.com (DESP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Despegar.com (DESP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Despegar.com (DESP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).