Wabtec Earnings Preview: Q4 Results on Tap
Summary:
Westinghouse Air Brake Technologies (WAB) will release quarterly earnings results tomorrow. Analysts anticipate revenue growth of 2.8% to $2.60 billion and adjusted earnings per share (EPS) of $1.73.
Q3 Performance:
In Q3, WAB met revenue expectations but missed organic revenue estimates. Adjusted operating income surpassed projections.
Analyst Expectations:
Analysts have maintained their revenue estimates, suggesting confidence in WAB's continued performance. The company has consistently exceeded top-line expectations over the past two years.
Industry Insights:
Industry peers Cummins and Oshkosh have reported Q4 results, showing mixed trends. Cummins beat revenue expectations while Oshkosh exceeded them significantly. Both companies experienced post-earnings stock price gains.
Market Sentiment:
The heavy transportation equipment sector has seen positive sentiment, with share prices rising 2.4% over the past month. WAB is up 8.6% during the same period.
Analyst Price Target:
Analysts have an average price target of $215.51 for WAB, above the current share price of $209.10.