Recap: Despegar.com Q4 Earnings
Portfolio Pulse from Benzinga Insights
Despegar.com (NYSE:DESP) reported Q4 earnings with an EPS of $-0.08, missing estimates by -147.0% against an expected $0.17. Revenue increased by $58.12 million from the same period last year. Despite missing EPS estimates last quarter, DESP's share price increased by 0.0% the following day. Historical earnings show mixed performance with misses and beats in past quarters.
March 14, 2024 | 8:50 pm
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Despegar.com reported a significant miss in Q4 earnings with an EPS of $-0.08 against an expected $0.17, but saw an increase in revenue by $58.12 million from the previous year.
The significant miss in EPS expectations for Despegar.com is likely to negatively impact investor sentiment in the short term, especially given the -147% deviation from expected earnings. However, the increase in revenue indicates some underlying business strength, which might mitigate the negative impact to some extent. Historical data shows that despite past earnings misses, the immediate impact on DESP's share price was minimal. This suggests that while the earnings miss is significant, the market's reaction may be tempered by other factors, including past performance and revenue growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100