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Sabre Corporation (NASDAQ:SABR) Analysts Just Slashed This Year’s Estimates

The analysts covering Sabre Corporation (NASDAQ:SABR) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting analysts have soured majorly on the business. Surprisingly the share price has been buoyant, rising 25% to US$14.75 in the past 7 days. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market.

Following the downgrade, the current consensus from Sabre’s seven analysts is for revenues of US$2.1b in 2021 which – if met – would reflect a huge 59% increase on its sales over the past 12 months. …

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