Countdown to Wabtec (WAB) Q4 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that Westinghouse Air Brake Technologies (WAB) will report quarterly earnings of $1.57 per share in its upcoming release, pointing to a year-over-year increase of 20.8%. It is anticipated that revenues will amount to $2.49 billion, exhibiting an increase of 8.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 4.9% 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.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
In light of this perspective, let's dive into the average estimates of certain Wabtec metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Sales to external customers- Transit Segment' should come in at $700.06 million. The estimate points to a change of +9.9% from the year-ago quarter.
The consensus estimate for 'Sales to external customers- Freight Segment' stands at $1.78 billion. The estimate indicates a change of +6.8% from the prior-year quarter.
Analysts predict that the 'Income (loss) from operations- Transit Segment' will reach $89.78 million. Compared to the present estimate, the company reported $63 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Income (loss) from operations- Freight Segment' of $281.49 million. The estimate compares to the year-ago value of $209 million.
View all Key Company Metrics for Wabtec here>>>
Shares of Wabtec have experienced a change of +7.7% in the past month compared to the +5.1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), WAB is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
