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Is a Beat in the Cards for Wabtec (WAB) in Q4 Earnings?
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Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , is scheduled to report fourth-quarter 2022 results on Feb 15, before market open.
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, missing once, the average beat being 0.62%.
Westinghouse Air Brake Technologies Corporation Price and EPS Surprise
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has remained stable at $1.30 per share over the past 60 days.
Against this backdrop, let’s take a look at the factors that might have shaped the company’s December-quarter performance.
The Zacks Consensus Estimate for revenues is pegged at $2.23 billion, indicating 7.7% growth year over year. The top line is likely to have been aided by higher Freight revenues. Solid growth in Equipment and Services may have driven the segment’s revenues.
Supply-chain disruptions might have hurt results of the Transit segment. Additionally, escalating fuel expenses and economic uncertainty are likely to have affected WAB’s bottom line.
What Our Model Says
Our proven model predicts an earnings beat for Wabtec this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Wabtec has an Earnings ESP of +0.29% and a Zacks Rank #2 presently.
Wabtec’s third-quarter 2022 earnings of $1.22 per share beat the Zacks Consensus Estimate of $1.20. The bottom line improved 7% year over year, owing to higher sales, disciplined cost management and lower restructuring and transaction costs.
Revenues of $2,081 million lagged the Zacks Consensus Estimate of $2,117.1 million. However, the top line grew 9.1% year over year.
Other Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these too have the right combination of elements to beat on fourth-quarter 2022 earnings.
Expeditors International of Washington (EXPD - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3. EXPD will release fourth-quarter 2022 results on Feb 21.
The company has a current Zacks Consensus Estimate for earnings of $1.88 per share, which has been revised 0.53% upward in the past 60 days. EXPD has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters by an average of 22.1%.
Copa Holdings (CPA - Free Report) currently has an Earnings ESP of +0.42% and flaunts a Zacks Rank #1. CPA will release fourth-quarter 2022 results on Feb 15.
We expect Copa’s fourth-quarter performance to have been aided by upbeat air-travel demand. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters by an average of 48.95%.
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Is a Beat in the Cards for Wabtec (WAB) in Q4 Earnings?
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , is scheduled to report fourth-quarter 2022 results on Feb 15, before market open.
The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters, missing once, the average beat being 0.62%.
Westinghouse Air Brake Technologies Corporation Price and EPS Surprise
Westinghouse Air Brake Technologies Corporation price-eps-surprise | Westinghouse Air Brake Technologies Corporation Quote
The Zacks Consensus Estimate for the to-be-reported quarter’s earnings has remained stable at $1.30 per share over the past 60 days.
Against this backdrop, let’s take a look at the factors that might have shaped the company’s December-quarter performance.
The Zacks Consensus Estimate for revenues is pegged at $2.23 billion, indicating 7.7% growth year over year. The top line is likely to have been aided by higher Freight revenues. Solid growth in Equipment and Services may have driven the segment’s revenues.
Supply-chain disruptions might have hurt results of the Transit segment. Additionally, escalating fuel expenses and economic uncertainty are likely to have affected WAB’s bottom line.
What Our Model Says
Our proven model predicts an earnings beat for Wabtec this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Wabtec has an Earnings ESP of +0.29% and a Zacks Rank #2 presently.
You can see the complete list of today's Zacks #1 Rank stocks here.
Highlights of Q3
Wabtec’s third-quarter 2022 earnings of $1.22 per share beat the Zacks Consensus Estimate of $1.20. The bottom line improved 7% year over year, owing to higher sales, disciplined cost management and lower restructuring and transaction costs.
Revenues of $2,081 million lagged the Zacks Consensus Estimate of $2,117.1 million. However, the top line grew 9.1% year over year.
Other Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these too have the right combination of elements to beat on fourth-quarter 2022 earnings.
Expeditors International of Washington (EXPD - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3. EXPD will release fourth-quarter 2022 results on Feb 21.
The company has a current Zacks Consensus Estimate for earnings of $1.88 per share, which has been revised 0.53% upward in the past 60 days. EXPD has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters by an average of 22.1%.
Copa Holdings (CPA - Free Report) currently has an Earnings ESP of +0.42% and flaunts a Zacks Rank #1. CPA will release fourth-quarter 2022 results on Feb 15.
We expect Copa’s fourth-quarter performance to have been aided by upbeat air-travel demand. The company has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters by an average of 48.95%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.