Sabre: Q2 Earnings Insights

Shares of Sabre SABR were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share were down 641.67% over the past year to ($1.30), which missed the estimate of ($0.84).

Revenue of $83,044,000 decreased by 91.70% from the same period last year, which missed the estimate of $162,780,000.

Guidance

Sabre hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 07, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3vbpmnv6

Technicals

52-week high: $25.44

Company's 52-week low was at $3.30

Price action over last quarter: Up 23.86%

Company Overview

Sabre holds the number-two share of global distribution system air bookings (38.8% as of the end of 2019 versus 37.1% in 2018). The global distribution system segment represented 73% of total 2019 revenue. The company also has a growing IT solutions division (27% of revenue) that focuses on the airline, hospitality, and travel agent end markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits.