Sabre Corporation (NASDAQ:SABR) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, SABR is expected to report 3Q20 loss of $ 0.72 per share from revenue of $ 276.35 million.
For the full year, analysts anticipate top line of $ 1385.98 million, while looking forward to loss of $ 2.64 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.10 ~ $ 1.30 per share
Click Here For More Historical Outlooks Of Sabre Corporation
Previous Quarter Performance
Sabre Corporation outlined loss for the second quarter of $ 1.30 per share, from the revenue of $ 83.04 million. The quarterly revenues shrunk 91.70 percent compared with the same quarter last year. Wall street analysts are predicting, SABR to report 2Q20 loss of $ 0.84 per share from revenue of $ 162.78 million. The bottom line results missed street analysts by $ 0.46 or 54.76 percent, at the same time, top line results fell short of analysts by $ 79.74 million or 48.99 percent.
Stock Performance
Shares of Sabre Corporation traded up $ 0.44 or 6.14 percent on Thursday, reaching $ 7.52 with volume of 9.60 million shares. Sabre Corporation has traded high as $ 7.67 and has cracked $ 7.17 on the downward trend
According to the previous trading day, closing price of $ 7.52, representing a 114.55 % increase from the 52 week low of $ 3.30 and a 69.55 % decrease over the 52 week high of $ 23.25.
The company has a market capital of $ 2.38 billion and is part of the Technology sector and Information Technology Services industry.
Conference Call
Sabre Corporation will be hosting a conference call at 9:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sabre.com
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
