Sabre Sees Q4 Revenue ~$715M (Prior ~$725M) Vs $721.8M Est.; FY24 Revenue Of $3.03B (Prior $3.05B) Vs $3.05B Est.
Portfolio Pulse from Benzinga Newsdesk
Sabre Corporation has revised its Q4 2024 revenue forecast to approximately $715 million, down from a prior estimate of $725 million, and below the consensus estimate of $721.8 million. The full-year 2024 revenue forecast is now $3.03 billion, slightly down from the previous $3.05 billion estimate.
October 31, 2024 | 11:45 am
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Sabre Corporation has lowered its Q4 2024 revenue forecast to $715 million, which is below both its prior estimate and the consensus estimate. The full-year 2024 revenue forecast has also been slightly reduced.
The downward revision of Sabre's revenue forecasts for both Q4 and FY 2024 suggests potential challenges in meeting previous expectations, which could negatively impact investor sentiment and the stock price in the short term.
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