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 ...

Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.95%. A quarter ago, it was expected that this maker of parts for locomotives, subways and buses would post earnings of $1.85 per share when it actually produced earnings of $1.96, delivering a sur ...

Exhibit 99.1 Wabtec Reports Third Quarter 2024 Results Raised and Tightened Adjusted EPS Guidance | --- | --- | --- | --- | --- | --- | |--------------------|----------------------|-------------------------|------------------------------------|----------------------------|-----------------------------------| | 3Q'24 | SALES \n3Q YTD '24 | GAAP EARNINGS \n3Q'24 | DILUTED PER SHARE \n3Q YTD '24 | ADJUSTED DILUTED \n3Q'24 | EARNINGS PER SHARE \n3Q YTD '24 | | $2.66B +4.4% YOY | $7.80B +9.1% YOY | $1.63 +22.6% ...

In its upcoming report, Westinghouse Air Brake Technologies (WAB) is predicted by Wall Street analysts to post quarterly earnings of $1.87 per share, reflecting an increase of 10% compared to the same period last year. Revenues are forecasted to be $2.64 billion, representing a year-over-year increase of 3.7%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their init ...

Westinghouse Air Brake Technologies (WAB) , operating as Wabtec Corporation, is scheduled to report thirdquarter 2024 results on Oct. 23 before market open. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Wabtec has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 11.8%. The Zacks Consensus Estimate for WAB's soon-to-be-reported quarter's earnings has been revised upward ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Westinghouse Air Brake Technologies (WAB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its nearterm stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Westinghouse Air Brake Technologies (WAB) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. Westinghouse Air Brake Technologies is a member of the Transportation sector. This group includes 135 individual stocks and currently hold ...