Zacks: Brokerages Anticipate Corp (DESP) Will Announce Quarterly Sales of $127.70 Million

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Wall Street analysts expect that Corp (NYSE:DESP) will post sales of $127.70 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for’s earnings, with the highest sales estimate coming in at $129.50 million and the lowest estimate coming in at $125.90 million. posted sales of $144.01 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.3%. The firm is expected to report its next earnings report before the market opens on Thursday, March 7th.

On average, analysts expect that will report full year sales of $525.38 million for the current year, with estimates ranging from $524.00 million to $527.60 million. For the next fiscal year, analysts forecast that the company will report sales of $530.90 million, with estimates ranging from $518.20 million to $545.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow

Several equities analysts have issued reports on DESP shares. KeyCorp started coverage on shares of in a research note on Tuesday, December 18th. They set a “sector weight” rating on the stock. Zacks Investment Research cut shares of from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.00.

Large investors have recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of in the 3rd quarter worth approximately $83,000. Brown Brothers Harriman & Co. bought a new position in shares of in the 3rd quarter worth approximately $102,000. PNC Financial Services Group Inc. lifted its stake in shares of by 140.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,066 shares of the company’s stock worth $102,000 after purchasing an additional 3,538 shares during the period. Quantamental Technologies LLC bought a new position in shares of in the 4th quarter worth approximately $94,000. Finally, Bank of America Corp DE bought a new position in shares of in the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 66.45% of the company’s stock.

DESP traded up $0.21 during midday trading on Tuesday, hitting $17.50. 249,316 shares of the company traded hands, compared to its average volume of 373,800. The stock has a market capitalization of $1.20 billion, a P/E ratio of 25.36 and a beta of 0.91. has a 52 week low of $11.11 and a 52 week high of $36.56. Company Profile, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.

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