Will Wabtec (WAB) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Westinghouse Air Brake Technologies (WAB) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Company Performance - WAB has a solid track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 8.78% [2]. - In the most recent quarter, WAB reported earnings of $2.27 per share against an expectation of $2.18, resulting in a surprise of 4.13%. In the previous quarter, the company reported $2.28 per share compared to an estimate of $2.01, achieving a surprise of 13.43% [3]. Earnings Estimates - Recent estimates for WAB have been trending upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - The current Earnings ESP for WAB is +1.32%, reflecting increased analyst optimism regarding its near-term earnings potential. Coupled with a Zacks Rank of 2 (Buy), this suggests a high probability of another earnings beat [9]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time, indicating a strong correlation between these metrics and earnings performance [7]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [8].