Despegar.com Q2 2024 GAAP EPS $0.07 Misses $0.17 Estimate, Sales $185.047M Beat $184.931M Estimate
Portfolio Pulse from Benzinga Newsdesk
Despegar.com (NYSE:DESP) reported Q2 2024 earnings per share (EPS) of $0.07, missing the analyst consensus estimate of $0.17 by 58.82%. However, the company reported sales of $185.047 million, slightly beating the estimate of $184.931 million and marking an 11.81% increase from the same period last year.
August 15, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Despegar.com reported Q2 2024 EPS of $0.07, missing the $0.17 estimate by 58.82%. Sales of $185.047M beat the $184.931M estimate, up 11.81% YoY.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the slight beat on sales and year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100