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Sabre (SABR) Signs Deal With HRS Crew & Passenger Solutions
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Sabre Corporation (SABR - Free Report) recently inked an agreement with HRS, a leading software as a service provider, to support digitalization of airlines.
Per the contract, Sabre solutions will be integrated with HRS Crew & Passenger Solutions to deliver innovative automation with lodging and financial reimbursement services to the airlines. This will help the air carriers with self-service options that accelerate instantaneous lodging, meals, local transportation and passenger reimbursement for disruption-related expenses. If there is a flight disruption, options are directly communicated to passenger's mobile device through SMS, email or voice call.
The leading travel-related software and technology provider has its customer base spread in more than 160 nations globally. In June, the company integrated its task management and guest engagement software, Nuvola, with WhatsApp to provide hoteliers a tool that delivers differentiated and seamless guest experiences.
In the same month, Sabre completed a multi-year distribution agreement that provides Sabre-connected agencies with long-term access to Air Canada’s full content via NDC channels. Also, it successfully implemented a full suite of Sabre Network Planning and Optimization solutions for Malaysia Airlines. The company also signed an enhanced agreement with All Nippon Airways to improve the carrier’s Network Planning and Optimization capabilities for its domestic routes.
In May, SABR extended its existing relationship with Chile’s SKY Airline through a new multi-year agreement. It also signed a long-term technology renewal agreement with Taiwan’s South East Travel, under which, the Taipei-headquartered agency will continue to leverage the company’s products for expanding its business and improving operational efficiency in the same month.
Sabre reported revenues of $742.7 million in first-quarter 2023. The top line was $584.9 million, which was 27% higher than the year-ago period. This surge clearly reflected a significant improvement in the company’s global air, hotel and other bookings.
SABR has more than 425,000 travel agency partners worldwide at present. The company provides one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
Zacks Rank & Other Key Picks
Sabre currently carries a Zacks Rank #2 (Buy). Shares of SABR have lost 30.6% over the past year.
The Zacks Consensus Estimate for Salesforce’s second-quarter fiscal 2024 earnings has been revised northward by a penny to $1.90 per share over the past 30 days. For fiscal 2024, earnings estimates have moved up by 2 cents to $7.44 in the past 30 days.
CRM's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.5%. Shares of the company have gained 43% in the past year.
The Zacks Consensus Estimate for NVIDIA’s second-quarter fiscal 2024 earnings has been revised northward from $1.04 to $2.04 per share over the past 60 days. For fiscal 2024, earnings estimates have moved up by 2 cents to $7.66 in the past 30 days.
NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 199.1% in the past year.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised upward by a penny to $2.83 per share over the past seven days. For 2023, earnings estimates have moved north by 3 cents to $11.97 in the past seven days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have surged 98.3% in the past year.
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Sabre (SABR) Signs Deal With HRS Crew & Passenger Solutions
Sabre Corporation (SABR - Free Report) recently inked an agreement with HRS, a leading software as a service provider, to support digitalization of airlines.
Per the contract, Sabre solutions will be integrated with HRS Crew & Passenger Solutions to deliver innovative automation with lodging and financial reimbursement services to the airlines. This will help the air carriers with self-service options that accelerate instantaneous lodging, meals, local transportation and passenger reimbursement for disruption-related expenses. If there is a flight disruption, options are directly communicated to passenger's mobile device through SMS, email or voice call.
The leading travel-related software and technology provider has its customer base spread in more than 160 nations globally. In June, the company integrated its task management and guest engagement software, Nuvola, with WhatsApp to provide hoteliers a tool that delivers differentiated and seamless guest experiences.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
In the same month, Sabre completed a multi-year distribution agreement that provides Sabre-connected agencies with long-term access to Air Canada’s full content via NDC channels. Also, it successfully implemented a full suite of Sabre Network Planning and Optimization solutions for Malaysia Airlines. The company also signed an enhanced agreement with All Nippon Airways to improve the carrier’s Network Planning and Optimization capabilities for its domestic routes.
In May, SABR extended its existing relationship with Chile’s SKY Airline through a new multi-year agreement. It also signed a long-term technology renewal agreement with Taiwan’s South East Travel, under which, the Taipei-headquartered agency will continue to leverage the company’s products for expanding its business and improving operational efficiency in the same month.
Sabre reported revenues of $742.7 million in first-quarter 2023. The top line was $584.9 million, which was 27% higher than the year-ago period. This surge clearly reflected a significant improvement in the company’s global air, hotel and other bookings.
SABR has more than 425,000 travel agency partners worldwide at present. The company provides one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
Zacks Rank & Other Key Picks
Sabre currently carries a Zacks Rank #2 (Buy). Shares of SABR have lost 30.6% over the past year.
Some other top-ranked stocks from the broader Computer and Technology sector are Salesforce (CRM - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Meta Platforms (META - Free Report) . While Salesforce and NVIDIA sport a Zacks Rank #1 (Strong Buy), Meta carries a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Salesforce’s second-quarter fiscal 2024 earnings has been revised northward by a penny to $1.90 per share over the past 30 days. For fiscal 2024, earnings estimates have moved up by 2 cents to $7.44 in the past 30 days.
CRM's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.5%. Shares of the company have gained 43% in the past year.
The Zacks Consensus Estimate for NVIDIA’s second-quarter fiscal 2024 earnings has been revised northward from $1.04 to $2.04 per share over the past 60 days. For fiscal 2024, earnings estimates have moved up by 2 cents to $7.66 in the past 30 days.
NVDA's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 0.26%. Shares of the company have soared 199.1% in the past year.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised upward by a penny to $2.83 per share over the past seven days. For 2023, earnings estimates have moved north by 3 cents to $11.97 in the past seven days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have surged 98.3% in the past year.