Travel technology company Sabre (NASDAQ: SABR) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
Sabre beat analysts’ revenue expectations last quarter, reporting revenues of $666.5 million, up 3.4% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly. It reported 83.47 million total bookings, up 3.1% 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 3.8% year on year, a reversal from the 1.6% decrease it recorded in the same quarter last year.
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 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 Q1 results, giving us a hint as to what we can expect. Hilton Grand Vacations delivered year-on-year revenue growth of 11.9%, beating analysts’ expectations by 2%, and Frontier reported revenues up 8.8%, falling short of estimates by 5.4%. Hilton Grand Vacations traded up 5.9% following the results.
Read our full analysis of Hilton Grand Vacations’s results here and Frontier’s results here.
There has been positive sentiment among investors in the consumer discretionary - travel and vacation providers segment, with share prices up 6% on average over the last month. Sabre is up 23.8% during the same time and is heading into earnings with an average analyst price target of $1.90 (compared to the current share price of $1.77).
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