Despegar.com Q1 2024 GAAP EPS $0.07 Misses $0.15 Estimate, Sales $173.700M Beat $171.556M Estimate
Portfolio Pulse from Benzinga Newsdesk
Despegar.com (NYSE:DESP) reported Q1 2024 earnings per share (EPS) of $0.07, missing the analyst consensus estimate of $0.15 by 53.33%. However, the company reported quarterly sales of $173.7 million, beating the analyst consensus estimate of $171.556 million by 1.25%. This represents a 9.45% increase over sales of $158.707 million in the same period last year.
May 16, 2024 | 8:09 pm
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Despegar.com reported Q1 2024 EPS of $0.07, missing the $0.15 estimate by 53.33%. However, sales of $173.7M beat the $171.556M estimate by 1.25%, showing a 9.45% YoY increase.
The mixed results, with EPS missing estimates but sales beating expectations and showing YoY growth, create a neutral short-term impact. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100