The upcoming report from Westinghouse Air Brake Technologies (WAB) is expected to reveal quarterly earnings of $2.27 per share, indicating an increase of 13.5% compared to the year-ago period. Analysts forecast revenues of $2.88 billion, representing an increase of 8.1% year over year.
The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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 use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Wabtec metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Sales to external customers- Freight Segment' will likely reach $2.10 billion. The estimate indicates a year-over-year change of +8.7%.
It is projected by analysts that the 'Sales to external customers- Transit Segment' will reach $780.19 million. The estimate indicates a change of +6.4% from the prior-year quarter.
Analysts' assessment points toward 'Backlog - Total' reaching $22.21 billion. Compared to the present estimate, the company reported $22.23 billion in the same quarter last year.
The average prediction of analysts places 'Backlog - Transit Group' at $4.79 billion. Compared to the current estimate, the company reported $4.48 billion in the same quarter of the previous year.
Analysts predict that the 'Backlog - Freight Group' will reach $17.42 billion. The estimate compares to the year-ago value of $17.76 billion.
Based on the collective assessment of analysts, 'Income (loss) from operations- Freight Segment' should arrive at $450.47 million. Compared to the present estimate, the company reported $390.00 million in the same quarter last year.
The consensus among analysts is that 'Adjusted Income (loss) from operations- Transit Segment' will reach $115.72 million. The estimate is in contrast to the year-ago figure of $93.00 million.
The consensus estimate for 'Adjusted Income (loss) from operations- Freight Segment' stands at $506.78 million. The estimate is in contrast to the year-ago figure of $467.00 million.
Analysts expect 'Income (loss) from operations- Transit Segment' to come in at $102.70 million. The estimate is in contrast to the year-ago figure of $79.00 million.
View all Key Company Metrics for Wabtec here>>>
Shares of Wabtec have demonstrated returns of +1.7% over the past month compared to the Zacks S&P 500 composite's +0.7% 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): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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