Saber Corporation SABR recently announced that it has signed a new multi-year distribution agreement with Mexico’s leading hotel operator — Posadas — under which the latter will implement the former’s SynXis Central Reservations (“CR”) platform.
Using Saber’s SynXis platform, the hotel operator will expand its global reach and accelerate revenue growth through an advanced distribution strategy.
With the SynXis platform, which powers more than 40% of the world’s leading hotel brands, Posadas will have access to exclusive international business opportunities. It will allow the hotel operator to connect with major travel agents worldwide through all major global distribution systems. This will increase the hotel’s domestic and international bookings for business and leisure travel.
This partnership is likely to expand SABR’s customer base and increase revenues in its Hospitality Solutions segment. Last week, the Japanese company Hotel M’s Co. Ltd. has selected Saber’s SynXis platform to help it create inbound tourism opportunities as Japan eases pandemic-induced travel restrictions.
Saber Corporation Pricing and Consensus
Saber Corporation Price Consensus Chart | Quote from Saber Corporation
Last month, Saber added the Retail Studio solution to its SynXis platform, which will help hoteliers diversify their distribution of goods, services, experiences, merchandise, policies and more by attribute.
Saber has its customer base spanning 160 countries with more than 425,000 agency partners worldwide. It is one of the largest markets in the world handling approximately $260 billion in global travel spending each year.
With the lifting of restrictions worldwide, Saber is well positioned to capitalize on the improving market scenario for the global travel industry. Revenue from the company’s Hospitality Solutions segment totaled $56 million in the first quarter of 2022, compared to $42.2 million in the prior year quarter. This is primarily due to the gradual resumption of CR system transactions and rising digital experience revenue.
Saber has recently won back-to-back contracts with major global airlines, hotels and travel agencies. Recently, in July, SABR partnered with Air Serbia to launch Air Price IQ, a dynamic cloud-based artificial intelligence solution that recommends airfares based on traveler contexts and changing market conditions such as capacity, competition and booking speed.
In May, the company entered into an agreement to acquire Florida-based Nuvola, a one-stop cloud platform providing service optimization software for the hospitality industry. Through this acquisition, Saber plans to enhance its hotel retail and merchandising strategy and expand its real estate and operational capabilities.
Zacks Ranking and Stocks to Consider
Currently, Saber carries a Zacks Rank #3 (Hold). Shares of SABR have plunged 34% since the start of the year (“YTD”).
Some higher ranked stocks to consider in the broader tech sector are Broadcom AVGO, Synopsis SNPS and CrowdStrike CRWD. Broadcom and Synopsys each sport a Zacks Rank #1 (Strong Buy), while CrowdStrike carries a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank stocks here.
The Zacks consensus estimate for Broadcom’s third-quarter fiscal 2022 earnings has been revised up 9.9% to $9.62 per share in the past 60 days. For fiscal 2022, the Zacks consensus estimate for Broadcom’s earnings has moved north 10 cents to $37.06 per share in the past 30 days.
Broadcom’s earnings have exceeded the Zacks consensus estimate in each of the previous four quarters, with the average surprise being 2.2%. AVGO shares have fallen 25.7% since the start of the year.
Zacks’ consensus estimate for Synopsys’ third-quarter fiscal 2022 earnings has been revised up 35% to $2.04 per share in the past 60 days. For fiscal 2022, earnings estimates rose 9.7% to $8.67 per share over the past 60 days.
Synopsys earnings exceeded the Zacks consensus estimate in each of the previous four quarters, with the average surprise being 2.7%. Shares of SNPS are down 14.7% since the start of the year.
Zacks’ consensus estimate for CrowdStrike’s second-quarter fiscal 2023 earnings has been revised up three cents to 29 cents per share in the past 60 days. For fiscal 2023, earnings estimates have risen by a penny to $1.24 per share in the past 30 days.
CrowdStrike’s earnings have exceeded the Zacks consensus estimate in the previous four quarters, with the average surprise being 44.3%. Shares of CRWD have plunged 13.1% since the start of the year.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
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This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.