Sabre (SABR – Free Report) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.07 per share when it actually produced a loss of $0.06, 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 $687.05 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 2.94%. This compares to year-ago revenues of $631.18 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of…