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Sabre Corp(SABR-Q)
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Sabre Earnings: What To Look For From SABR

StockStory - Wed May 1, 2:08AM CDT

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Travel technology company Sabre (NASDAQ:SABR) will be reporting results tomorrow before market open. Here's what to look for.

Sabre met analysts' revenue expectations last quarter, reporting revenues of $687.1 million, up 8.9% year on year. It was a weak quarter for the company, with a miss of analysts' 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 1.5% year on year to $753.6 million, slowing from the 27% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.06 per share.

Sabre Total Revenue

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 hotels, resorts and cruise lines segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Wyndham's revenues decreased 2.6% year on year, missing analysts' expectations by 1.1%, and Travel + Leisure reported revenues up 4.2%, topping estimates by 1.3%. Wyndham traded up 4.8% following the results while Travel + Leisure's stock price was unchanged.

Read our full analysis of Wyndham's results here and Travel + Leisure's results here.

Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride as the market switches between optimism and pessimism around rate cuts thanks to mixed inflation data, and while some of the hotels, resorts and cruise lines stocks have fared somewhat better, they have not been spared, with share prices down 5.9% on average over the last month. Sabre is up 10.8% during the same time and is heading into earnings with an average analyst price target of $4.3 (compared to the current share price of $2.87).

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