Sabre (SABR) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.14 per share when it actually produced a loss of $0.12, delivering a surprise of 14.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Sabre , which belongs to the Zacks Internet – Software and Services industry, posted revenues of $782.89 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 4.24%. This compares to year-ago revenues of $742.7 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…