Recap: Despegar.com Q3 Earnings

Shares of Despegar.com DESP remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share were down 600.00% over the past year to ($0.35), which beat the estimate of ($0.41).

Revenue of $11,740,000 decreased by 91.11% from the same period last year, which missed the estimate of $14,110,000.

Looking Ahead

Despegar.com hasn't issued any earnings guidance for the time being.

Despegar.com hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 12, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2F&eventid=2633130&sessionid=1&key=F876CACD90692E9D42B707808627F393&regTag=&sourcepage=register

Technicals

52-week high: $15.44

Company's 52-week low was at $4.44

Price action over last quarter: Up 10.55%

Company Overview

Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments namely Air which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services.