Sabre: Q3 Earnings Insights

 

Shares of Sabre SABR fell 2.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 403.70% over the past year to ($0.82), which missed the estimate of ($0.72).

Revenue of $278,365,000 declined by 71.72% from the same period last year, which beat the estimate of $276,350,000.

Guidance

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

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

Details Of The Call

Date: Nov 06, 2020

Time: 09:00 AM

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

Technicals

52-week high: $23.25

52-week low: $3.30

Price action over last quarter: down 8.30%

Company Description

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNews
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!