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Wabtec (WAB) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Wall Street analysts forecast that Westinghouse Air Brake Technologies (WAB - Free Report) will report quarterly earnings of $2.63 per share in its upcoming release, pointing to a year-over-year increase of 15.9%. It is anticipated that revenues will amount to $3.08 billion, exhibiting an increase of 13.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Wabtec metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales to external customers- Transit Segment' will reach $885.70 million. The estimate indicates a change of +12.5% from the prior-year quarter.
Analysts' assessment points toward 'Sales to external customers- Freight Segment' reaching $2.19 billion. The estimate indicates a change of +14.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Income (loss) from operations- Freight Segment' of $528.26 million. The estimate is in contrast to the year-ago figure of $415.00 million.
It is projected by analysts that the 'Adjusted Income (loss) from operations- Transit Segment' will reach $145.19 million. The estimate is in contrast to the year-ago figure of $120.00 million.
According to the collective judgment of analysts, 'Adjusted Income (loss) from operations- Freight Segment' should come in at $566.26 million. Compared to the current estimate, the company reported $480.00 million in the same quarter of the previous year.
Analysts expect 'Income (loss) from operations- Transit Segment' to come in at $139.69 million. The estimate is in contrast to the year-ago figure of $109.00 million.
Shares of Wabtec have demonstrated returns of -4.3% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #2 (Buy), WAB is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wabtec (WAB) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Westinghouse Air Brake Technologies (WAB - Free Report) will report quarterly earnings of $2.63 per share in its upcoming release, pointing to a year-over-year increase of 15.9%. It is anticipated that revenues will amount to $3.08 billion, exhibiting an increase of 13.8% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Wabtec metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales to external customers- Transit Segment' will reach $885.70 million. The estimate indicates a change of +12.5% from the prior-year quarter.
Analysts' assessment points toward 'Sales to external customers- Freight Segment' reaching $2.19 billion. The estimate indicates a change of +14.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Income (loss) from operations- Freight Segment' of $528.26 million. The estimate is in contrast to the year-ago figure of $415.00 million.
It is projected by analysts that the 'Adjusted Income (loss) from operations- Transit Segment' will reach $145.19 million. The estimate is in contrast to the year-ago figure of $120.00 million.
According to the collective judgment of analysts, 'Adjusted Income (loss) from operations- Freight Segment' should come in at $566.26 million. Compared to the current estimate, the company reported $480.00 million in the same quarter of the previous year.
Analysts expect 'Income (loss) from operations- Transit Segment' to come in at $139.69 million. The estimate is in contrast to the year-ago figure of $109.00 million.
View all Key Company Metrics for Wabtec here>>>Shares of Wabtec have demonstrated returns of -4.3% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #2 (Buy), WAB is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .