Wall Street analysts forecast that Westinghouse Air Brake Technologies (WAB) will report quarterly earnings of $2.72 per share in its upcoming release, pointing to a year-over-year increase of 17.2%. It is anticipated that revenues will amount to $3.18 billion, exhibiting an increase of 10.3% compared to the year-ago quarter.
The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over 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 use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Wabtec metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Sales to external customers- Freight Group- Equipment' should arrive at $727.78 million. The estimate indicates a change of +7.5% from the prior-year quarter.
Analysts predict that the 'Sales to external customers- Freight Group- Components' will reach $380.63 million. The estimate indicates a change of +1.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Sales to external customers- Transit Segment' will likely reach $894.52 million. The estimate suggests a change of +12.8% year over year.
According to the collective judgment of analysts, 'Sales to external customers- Freight Group- Services' should come in at $809.10 million. The estimate indicates a change of +8.8% from the prior-year quarter.
The consensus estimate for 'Sales to external customers- Freight Segment' stands at $2.26 billion. The estimate suggests a change of +8.1% year over year.
It is projected by analysts that the 'Sales to external customers- Freight Group- Digital Electronics' will reach $356.16 million. The estimate points to a change of +19.9% from the year-ago quarter.
The consensus among analysts is that 'Income (loss) from operations- Freight Segment' will reach $543.64 million. Compared to the present estimate, the company reported $414.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Adjusted Income (loss) from operations- Transit Segment' of $158.52 million. Compared to the present estimate, the company reported $123.00 million in the same quarter last year.
Analysts forecast 'Adjusted Income (loss) from operations- Freight Segment' to reach $581.64 million. Compared to the current estimate, the company reported $513.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Income (loss) from operations- Transit Segment' at $151.02 million. Compared to the present estimate, the company reported $115.00 million in the same quarter last year.
View all Key Company Metrics for Wabtec here>>>Wabtec shares have witnessed a change of +3.2% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #2 (Buy), WAB is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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