How did DESP's Q4 2023 earnings surprise impact its stock?

Despegar.com's (DESP) Q4 2023 earnings surprise had a negative impact on its stock, as evidenced by the following: 1. **Earnings Surprise**: DESP reported an earnings per share (EPS) surprise of -0.25, indicating that the company's actual EPS fell below market expectations. |code|Ticker|Name|Date|Estimate EPS YoY|Estimate Revenue YoY|market_code| |---|---|---|---|---|---|---| |DESP|DESP.N|Despegar.com|20231231|312.5|27.407653910149747|169| |DESP|DESP.N|Despegar.com|20240331|1200|10.044900577293136|169| |DESP|DESP.N|Despegar.com|20240630|166.66666666666669|16.418004406672964|169| |DESP|DESP.N|Despegar.com|20240930|142.85714285714286|9.10344827586207|169| 2. **Stock Reaction**: Following the earnings release, DESP's stock experienced a decline, with a decrease of 0.42% in its last price. 3. **Net Income Growth**: The company's net income showed a significant quarter-over-quarter decline of 33.56%, with a reported net income of $8.93 million for Q3 2024. This negative growth could have contributed to the investor sentiment and stock price decline. |code|Ticker|Name|Date|Closing Price|Percentage Change|market_code| |---|---|---|---|---|---|---| |DESP|DESP.N|Despegar.com|20231002|7.26|0.1379|169| |DESP|DESP.N|Despegar.com|20231003|6.84|-5.7851|169| |DESP|DESP.N|Despegar.com|20231004|6.76|-1.1696|169| |DESP|DESP.N|Despegar.com|20231005|6.76|0|169| |DESP|DESP.N|Despegar.com|20231006|6.88|1.7751|169| |DESP|DESP.N|Despegar.com|20231009|6.77|-1.5988|169| |DESP|DESP.N|Despegar.com|20231010|6.99|3.2496|169| |DESP|DESP.N|Despegar.com|20231011|6.96|-0.4292|169| |DESP|DESP.N|Despegar.com|20231012|6.78|-2.5862|169| |DESP|DESP.N|Despegar.com|20231013|6.66|-1.7699|169| In conclusion, DESP's Q4 2023 earnings surprise, coupled with the subsequent stock price decline and negative net income growth, indicates that the company's financial performance during that period was not well-received by the market, leading to a negative impact on its stock.