Sabre (SABR - Free Report) shares rallied 5.2% in the last trading session to close at $6.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20% loss over the past four weeks.
Sabre is gaining from growing optimism that the company is moving toward stabilization after severe impact of the COVID-19 pandemic-led economic crisis. Additionally, optimism over vaccinations for COVID-19 and an uptick in economic activities, as lockdown measures are now eased across most parts of the world, could result in faster-than-expected recovery in its operating performances.
This provider of technology services to the travel industry is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of +32.7%. Revenues are expected to be $625.13 million, up 49% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Sabre, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SABR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Sabre is a member of the Zacks Internet - Software and Services industry. One other stock in the same industry, HUYA Inc. (HUYA - Free Report) , finished the last trading session 0.2% higher at $4.36. HUYA has returned 9% over the past month.
For HUYA Inc. Sponsored ADR, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. This represents a change of -131.3% from what the company reported a year ago. HUYA Inc. Sponsored ADR currently has a Zacks Rank of #2 (Buy).
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Sabre (SABR - Free Report) shares rallied 5.2% in the last trading session to close at $6.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20% loss over the past four weeks.
Sabre is gaining from growing optimism that the company is moving toward stabilization after severe impact of the COVID-19 pandemic-led economic crisis. Additionally, optimism over vaccinations for COVID-19 and an uptick in economic activities, as lockdown measures are now eased across most parts of the world, could result in faster-than-expected recovery in its operating performances.
This provider of technology services to the travel industry is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of +32.7%. Revenues are expected to be $625.13 million, up 49% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Sabre, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SABR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Sabre is a member of the Zacks Internet - Software and Services industry. One other stock in the same industry, HUYA Inc. (HUYA - Free Report) , finished the last trading session 0.2% higher at $4.36. HUYA has returned 9% over the past month.
For HUYA Inc. Sponsored ADR, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.05. This represents a change of -131.3% from what the company reported a year ago. HUYA Inc. Sponsored ADR currently has a Zacks Rank of #2 (Buy).
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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