Financial News
Sabre Earnings: What To Look For From SABR
Travel technology company Sabre (NASDAQ:SABR) will be reporting results tomorrow before market open. Here’s what to look for.
Sabre beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $767.2 million, up 4% year on year. It was a strong quarter for the company, with a decent beat of analysts’ operating margin and earnings estimates.
Is Sabre a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sabre’s revenue to grow 4.7% year on year to $775.5 million, slowing from the 11.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sabre has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Sabre’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Airlines delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Carnival reported revenues up 15.2%, in line with consensus estimates. American Airlines traded up 2.5% following the results while Carnival was down 2.8%.
Read our full analysis of American Airlines’s results here and Carnival’s results here.
Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Sabre is up 13.3% during the same time and is heading into earnings with an average analyst price target of $4.43 (compared to the current share price of $4.09).
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