Westinghouse Air Brake Technologies Corporation (WAB) , operating as Wabtec Corporation, is benefiting from the strong performance of its segments, Freight and Transit. The shareholder-friendly approach bodes well for the company. Lingering supply-chain disruptions and valuation concerns represent major challenges.Factors Working in Favor of WABWabtec’s focus on new technologies aims to provide solutions to improve the safety, cost and reliability of rail, as well as support the modernization of the global ...

Wabtec's Acquisition of Bloom Engineering - Wabtec acquired Bloom Engineering for $69 million in cash in Q4, financed through cash on hand and a revolving credit facility [11] - Bloom Engineering will join Wabtec's Freight and Industrial Components Group [10] - The acquisition is expected to strengthen Wabtec's portfolio of heat transfer and energy solutions through Bloom's advanced technologies in burners, combustion systems, and industrial heating applications [7] Financial Impact and Synergies - The inclusion of Bloom Engineering is expected to be immediately accretive to Wabtec's earnings, excluding transaction costs, with strong synergies anticipated over the next three years [2] - Wabtec shares have gained 51.3% in the past year, outperforming its industry and the S&P 500 [3] Transportation Sector Stocks - C H Robinson Worldwide (CHRW) has an expected earnings growth rate of 33.3% for 2024, with its Zacks Consensus Estimate revised upward by 6.4% over the past 90 days [6] - Expeditors International of Washington (EXPD) has an expected earnings growth rate of 8.38% for 2024, with its Zacks Consensus Estimate also revised upward by 6.4% over the past 90 days [9] - Both CHRW and EXPD carry a Zacks Rank 2 (Buy) [5]

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It has been about a month since the last earnings report for Westinghouse Air Brake Technologies (WAB) . Shares have added about 4.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Wabtec due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wabtec Q3 Earnings Surpass ...

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Westinghouse Air Brake Technologies (WAB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...

Core Viewpoint - Wabtec Corporation is enhancing its operations through strategic acquisitions of Fanox and Kompozitum for a total of $110 million, which will be financed through cash on hand and a revolving credit facility [1] Group 1: Acquisitions and Financial Impact - The acquisitions of Fanox and Kompozitum will be integrated into Wabtec's Transit business, which reported third-quarter 2024 net sales of $733 million, reflecting a year-over-year increase of 9.6% due to strong aftermarket sales [2] - The adjusted operating margin for the Transit segment increased to 12.8% from 12.5% in the third quarter of 2023 [2] - The inclusion of these companies is expected to be immediately accretive to Wabtec's earnings, excluding transaction costs, and will enhance its product portfolio and customer base [4] Group 2: Strategic Benefits - The acquisition of Fanox is anticipated to enhance Wabtec's capabilities in producing relays for on-board train operations and other industrial applications, which is expected to increase the customer base and recurring revenues [4] - The purchase of Kompozitum is likely to strengthen Wabtec's pantograph portfolio and create new opportunities for its carbon and graphite solutions [5] - Pascal Schweitzer, president at Wabtec Transit, emphasized that these acquisitions align with the company's strategy to provide next-generation solutions that improve efficiency, performance, and reliability [3] Group 3: Market Performance - Wabtec currently holds a Zacks Rank 2 (Buy) and has seen its shares gain 57% year-to-date, outperforming both its industry and the S&P 500 [6] - Other top-ranked stocks in the Zacks Transportation sector include C.H. Robinson Worldwide and Expeditors International of Washington, both carrying a Zacks Rank 2 [6]

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Westinghouse Air Brake Technologies (WAB) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Westinghouse Air Brake Technologies is a member of our Transportation group, which includes 135 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The avera ...

Westinghouse Air Brake Technologies Corporation (WAB) reported third-quarter 2024 earnings per share (EPS) (excluding 37 cents from non-recurring items) of $2.00, which surpassed the Zacks Consensus Estimate of $1.87. The bottom line improved 17.6% year over year due to higher sales and operating margin expansion.Wabtec’s bullish EPS guidance looks encouraging.  WAB now expects its 2024 adjusted EPS in the range of $7.45-$7.65, which is higher than the prior guidance of $7.20-$7.50. The Zacks Consensus Esti ...