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Sabre (SABR) Q2 Earnings Report Preview: What To Look For

SABR Cover Image

Travel technology company Sabre (NASDAQ: SABR) will be announcing earnings results this Thursday before the bell. Here’s what investors should know.

Sabre missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $776.6 million, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and EBITDA guidance for next quarter missing analysts’ expectations significantly. It reported 96.36 million total bookings, down 2.1% year on year.

Is Sabre a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Sabre’s revenue to decline 3.7% year on year to $738.7 million, a reversal from the 4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.

Sabre Total Revenue

Analysts covering the company have generally 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 five times over the last two years.

Looking at Sabre’s peers in the travel and vacation providers segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lindblad Expeditions delivered year-on-year revenue growth of 23%, beating analysts’ expectations by 5.6%, and Carnival reported revenues up 9.5%, topping estimates by 1.7%. Lindblad Expeditions traded up 16.1% following the results while Carnival was also up 5.9%.

Read our full analysis of Lindblad Expeditions’s results here and Carnival’s results here.

Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Sabre is down 11% during the same time and is heading into earnings with an average analyst price target of $4.66 (compared to the current share price of $2.98).

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