Sabre Corp reports results for the quarter ended in March - Earnings Summary

Sabre

02/05/2024 14:53

* Sabre Corp  SABR.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of four analysts for the quarter
was for a loss of 10 cents per share. Wall Street expected
results to range from -20 cents to -2 cents per share.
    * Revenue rose 5.4% to $782.89 million from a year ago;
analysts
expected $751.37 million. 
    * Sabre Corp's reported EPS for the quarter was a loss of 19
cents​.
    * The company reported a quarterly loss of $71.48 million.
    * Sabre Corp shares had risen by 19.8% this quarter and
lost 34.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 343.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Sabre Corp is
$4.00 
This summary was machine generated from LSEG data May 2 at 01:53
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.10          -0.02          Beat
 Dec. 31 2023      -0.14          -0.12          Beat
 Sep. 30 2023      -0.06          -0.06          Met
 Jun. 30 2023      -0.23          -0.17          Beat