Sabre (SABR) Reports Q3 Loss, Misses Revenue Estimates

Sabre (SABR) came out with a quarterly loss of $0.25 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.50 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.35 per share when it actually produced a loss of $0.25, delivering a surprise of 28.57%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Sabre, which belongs to the Zacks Internet - Software and Services industry, posted revenues of $663.39 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 4.65%. This compares to year-ago revenues of $441.09 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.