Stock Story -
Travel technology company Sabre (NASDAQ:SABR) will be announcing earnings results tomorrow before market hours. Here's what you need to know.
Sabre beat analysts' revenue expectations by 3.9% last quarter, reporting revenues of $782.9 million, up 5.4% year on year. It was a strong quarter for the company: Sabre blew past analysts' adjusted EBITDA and EPS expectations.
Is Sabre a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Sabre's revenue to grow 2.5% year on year to $755.8 million, slowing from the 12.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.
The majority of analysts covering the company have 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 three times over the last two years.
Looking at Sabre's peers in the hotels, resorts and cruise lines segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Royal Caribbean delivered year-on-year revenue growth of 16.7%, beating analysts' expectations by 1.6%, and Carnival (NYSE:CCL) reported revenues up 17.7%, topping estimates by 1.9%. Royal Caribbean traded down 6.7% following the results while Carnival was up 12%.
Read the full analysis of Royal Caribbean's and Carnival's results on StockStory.
There has been positive sentiment among investors in the hotels, resorts and cruise lines segment, with share prices up 11.8% on average over the last month. Sabre is up 39.9% during the same time and is heading into earnings with an average analyst price target of $4.2 (compared to the current share price of $3.61).
![Sabre (SABR) Reports Earnings Tomorrow: What To Expect](https://d68-invdn-com.investing.com/content/pic5f1917cef62d83f79e4ebe31bbd073ce.jpeg)