Saber (SABR) Offers Istanbul’s Wingie Enuygun GDS Solutions

Saber Corporation SABR recently announced that Turkey-based online travel marketplace company, Wingie Enuygun, has entered a multi-year renewal of the Global Distribution System (GDS) agreement to accelerate its international growth plans.

The newly signed multi-year GDS agreement with Saber will help Wingie Enuygun in enhancing opportunities in the travel & tourism, technology and hospitality industries. The agency provides online travel marketplace services across the Middle East and North Africa (MENA) region. It currently operates in six different languages ​​across 10 nations.

Saber will help Wingie Enuygun transform its business and increase efficiencies through Red 360, a fully API-enabled UX solution that connects travel consultants to a full spectrum of bookable content and data-rich information. It features a Decision Support Bar, Panels, and Widgets that quickly deliver winning recommendations that increase travel bookings.

Utilizing Saber’s Red 360 platform, Wingie Enuygun intends to deliver personalized travel services in the Middle East through the travel tech company’s global travel marketplace. The travel agency will deploy intelligent and consultative services and features on the agency domains, which include wingie.com, wingie.ae, sa.wingie.com and enuygun.com.

Saber Corporation Price and Consensus

Saber Corporation price consensus chart | Saber Corporation Quote

The latest contract highlights the reliability of Saber’s Travel solutions. The company’s Travel Solutions segment revenues totaled $534 million in the first quarter of 2022 compared with $288.9 million in the year-ago quarter. The deal is likely to aid Saber in expanding its customer share and its Travel Solutions. The company’s transactions related to GDS, which works like a marketplace connecting travel suppliers with buyers, are likely to witness an increase too.

Recently, Saber strengthened its existing relationship with Hong Kong’s Cathay Pacific Airways by inking a new distribution agreement. Per the deal, Cathay Pacific will be utilizing Saber’s New Distribution Capability-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Saber’s travel marketplace.

The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Saber is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has over 425,000 agency partners globally.

Of late, Saber has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In May, Saber entered a distribution agreement with Mexico’s Viva Aerobus to aid the airline in driving future revenue growth through agency sales.

In the same month, the company entered an agreement to acquire the Florida-based Nuvola — a single destination cloud-based platform providing service optimization software to the hospitality industry. Through this buyout, the company plans to improve its hospitality retailing and merchandising strategy and broaden its property and operations abilities.

Zacks Rank & Stocks to Consider

Saber currently carries a Zacks Rank of 3 (Hold). Shares of SABR have slumped 57% in the past year.

Some better-ranked stocks from the broader Computer and Technology sector are Analog Devices ADI, Baidu BIDU and Axcelis Technologies ACLS. While Analog Devices currently flaunts a Zacks Rank #1 (Strong Buy), Axcelis and Baidu carry a Zacks Rank of 2 (Buy). you can see the complete list of today’s Zacks #1 Rank stocks here

The Zacks Consensus Estimate for Analog Devices’ third-quarter fiscal 2022 earnings has been revised upward by 5 cents to $2.42 per share over the past 30 days. For fiscal 2022, earnings estimates have moved 16 cents north to $9.24 per share in the past 30 days.

Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of ADI have decreased 9.7% in the past year.

The Zacks Consensus Estimate for Axcelis’ second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.

Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 38% in the past year.

The Zacks Consensus Estimate for Baidu’s second-quarter 2022 earnings has been revised 31 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 3 cents north to $8.27 per share in the past 30 days.

Baidu’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 24.6% in the past year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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