Sabre (SABR) Reports Q4: Everything You Need To Know Ahead Of Earnings
Travel technology company Sabre (NASDAQ:SABR) will be announcing earnings results tomorrow before the bell. Here's what to expect.
Last quarter Sabre reported revenues of $740.5 million, up 11.6% year on year, in line with analyst expectations. It was a weak quarter for the company, with a miss of analysts' operating margin estimates.
Is Sabre buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Sabre's revenue to grow 9.5% year on year to $691.3 million, slowing down from the 26.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Sabre's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. MGM Resorts reported revenues up 21.8% year on year, exceeding estimates by 5.8%. MGM Resorts traded down 2.1% on the results.
Read our full analysis of MGM Resorts's results here.
There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 3.2% over the last month. Sabre is down 0.9% during the same time, and is heading into the earnings with analyst price target of $5.4, compared to share price of $4.2.
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