For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Despegar.com (DESP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Despegar.com is a member of our Transportation group, which includes 135 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst ...

The ODP Corporation (ODP) : This company that provides products and digital workplace technology solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.5% over the last 60 days. Kirin has a PEG ratio of 0.70 compared with 1.43 for the industry. The company possesses a Growth Score of A. See the full list of top ranked stocks here. Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. As such, the Zacks rating upgrade for Despegar.com is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Despegar.com imply ...

The Zacks Transportation-Services industry faces challenges, ranging from inflation-induced elevated interest rates, weak freight rates and supply-chain disruptions. Despite the challenges, we believe that stocks like Expeditors International of Washington (EXPD) , Matson (MATX) and Despegar.com, Corporation (DESP) are worth betting on. About the Industry The companies housed in the Zacks Transportation-Services industry offer transporters logistics, leasing and maintenance services. Some industry players f ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Financial Data and Key Metrics Changes - Despegar reported gross bookings of $1.3 billion for Q1 2024, a 12% year-over-year increase, with a 42% increase in constant currency [4] - Adjusted EBITDA reached $39 million, up 126% year-over-year, resulting in an adjusted EBITDA margin of 22.4%, the highest since the company's IPO [14][91] - Adjusted net income for the quarter was $22.4 million, representing a 68% year-over-year increase compared to $13.3 million in Q1 2023 [14][91] Business Segment Data and Key Metrics Changes - B2C bookings grew 10% year-on-year to $1.1 billion, driven by strong hotel and package sales, particularly in Brazil and Mexico [5][29] - B2B segment gross bookings increased by 47% year-on-year, while white-label operations saw an 11% year-on-year increase [92] - Non-air revenue surged past air ticket sales, accounting for 65% of the revenue mix, with travel packages reaching 36% of gross bookings [13][100] Market Data and Key Metrics Changes - In Brazil, gross bookings increased by 27% year-over-year, reaching $580 million, while in Mexico, bookings grew 26% year-over-year to $275 million [12][98] - Overall gross bookings in Latin America experienced an 8% decrease to $436 million, primarily due to FX pressures in Argentina and Chile [99] Company Strategy and Development Direction - The company aims to expand package revenue, drive direct traffic through mobile apps, and nurture its loyalty program while maintaining a competitive cost structure [17] - Despegar is focusing on enhancing its digital travel assistant, SOFIA, to improve customer engagement and streamline the booking process [10][112] - The company is exploring opportunities beyond Latin America for potential B2B partnerships and market expansion [26][101] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the online travel market's positive trends and maintained a revenue guidance of at least $820 million for 2024, equating to a robust annual growth of at least 16% [15] - The outlook for the business remains bullish, with expectations for reported revenue growth to accelerate in Q2 2024 [15][105] - Management noted that the current market conditions are more positive than 90 days ago, with expectations for continued operational leverage and top-line growth [56] Other Important Information - The loyalty program, Pasaporte Despegar, reached 26 million members, an 83% year-on-year increase, with points redemption activity exceeding 12.7% of total transactions [94] - The company reported a total cash and cash equivalents of $213 million, reflecting a decline of $15 million year-over-year due to dividend payments and cash utilization strategies [30] Q&A Session Summary Question: What are the drivers for revenue acceleration in Q2? - Management indicated that the increasing growth trend in the B2B business and strong market conditions in Brazil and Mexico are key drivers for expected revenue acceleration [105] Question: What is contributing to the increase in app penetration? - The app's user-friendliness, tailored offers, and push notifications have significantly contributed to the increase in app penetration [105] Question: What markets is the company looking to expand into? - The company is focusing on Brazil and Mexico for B2B growth while exploring opportunities beyond Latin America [26] Question: How is the company managing factoring expenses? - The strategy involves utilizing cash on the balance sheet to reduce factoring expenses, which is expected to improve net income [40][50] Question: What is the company's approach to offline sales in Brazil? - The company aims to capture a portion of the offline market, which accounts for 50% of travel sales in Latin America, and convert those customers to online [110]

1Q24 Earnings Conference Call 1 This presentation includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. Some of the factors, risks and uncertainties that might materially affect the forward-looking statements contained herein and may make an investment in our securities speculative or risky include, but are not limited to, the following: t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Despegar.com (DESP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Despegar.com is one of 132 companies in the Transportation group. The Transportation group currently sits at #13 within the Zacks Sector Rank. The Zacks S ...