DESP Stock Recent News

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Certain stocks stand poised as potential catalysts for generating colossal wealth in the bustling investment arena. Imagine a journey into the pulsating realms of three distinct industries—advertising technology, surgical innovation, and the Latin American travel market—where three companies emerge as titans.

Despegar is a rapidly growing online travel company that trades at a multiple way below peers such as Expedia, Booking.com, Make My Trip and Trip.com. Despegar has an unusually large number of catalysts that should lead to significantly higher revenues and earnings. The disconnect appears to be caused by past losses and a confusing income statement and balance sheet, which will be fully explained.

Despegar.com, Corp. (NYSE:DESP ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Luca Pfeifer - IR Damián Scokin - CEO Amit Singh - CFO Conference Call Participants Naved Khan - B. Riley Securities Andrew Ruben - Morgan Stanley Jacob Seed - Cowen Joao Soares - Citi Operator Good afternoon, and welcome to Despegar's Third Quarter 2023 Earnings Call.

Despegar.com has seen a strong recovery in earnings and vibrant growth in the Brazilian market. Earnings per share have rebounded into positive territory, driven by growth in the Packages, Hotels, and Other Travel Products segment. The company has kept long-term debt levels low, which is encouraging.

Despegar.com, Corp. (NYSE:DESP ) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET Company Participants Luca Pfeifer - Investor Relations Damian Scokin - Chief Executive Officer Conference Call Participants Naved Khan - B. Riley Securities Andrew Ruben - Morgan Stanley Operator Good morning, and welcome to Despegar's Second Quarter 2023 Earnings Call.

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.