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Sabre (SABR) Reports Q1 Loss, Misses Revenue Estimates

Sabre (SABR) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to loss of $0.29 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -41.18%. A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.67 per share when it actually produced a loss of $0.77, delivering a surprise of -14.93%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Sabre, which belongs to the Zacks Internet – Software and Services industry, posted revenues of $327.48 million for the quarter ended March 2021, missing the Zacks Consensus Estimate by 24.02%. This compares to year-ago revenues of $658.98 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based…

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