Despegar.com Q4 2023 GAAP EPS $(0.08) Misses $0.17 Estimate, Sales $203.660M Beat $191.433M Estimate
Portfolio Pulse from Benzinga Newsdesk
Despegar.com reported Q4 2023 GAAP EPS of $(0.08), missing the $0.17 estimate, but its sales of $203.660M exceeded the $191.433M estimate, marking a 39.93% increase from the previous year.

March 14, 2024 | 8:50 pm
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Despegar.com's Q4 2023 earnings missed EPS estimates but exceeded sales forecasts, showing significant year-over-year growth.
The missed EPS estimate could negatively impact investor sentiment in the short term, but the significant sales beat and year-over-year growth may offset this by indicating underlying business strength. The mixed results present a neutral outlook, as the positive sales performance could support the stock price, balancing out the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100