Travel technology company Sabre (NASDAQ:SABR) will be reporting results this Thursday morning. Here’s what you need to know.
Sabre beat analysts’ revenue expectations last quarter, reporting revenues of $760.3 million, up 8.3% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 101.3 million total bookings, up 5.1% year on year.
Is Sabre a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sabre’s revenue to grow 1% year on year, a reversal from the 1.1% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Sabre has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Sabre’s peers in the consumer discretionary - travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Delta delivered year-on-year revenue growth of 18.7%, beating analysts’ expectations by 3.9%, and Frontier reported revenues up 37.7%, topping estimates by 4.6%. Delta traded down 3.2% following the results while Frontier was up 12%.
Read our full analysis of Delta’s results here and Frontier’s results here.
Investors in the consumer discretionary - travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Sabre is down 1.4% during the same time and is heading into earnings with an average analyst price target of $1.99 (compared to the current share price of $2.10).
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