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Wabtec (WAB) Beats Q4 Earnings Estimates

Zacks Equity Research
·2 min read

Westinghouse Air Brake Technologies Corporation, which operates as Wabtec Corporation WAB reported fourth-quarter 2019 2019 earnings (excluding 33 cents from non-recurring items) of $1.04 per share, beating the Zacks Consensus Estimate by a penny. Moreover, the bottom line improved 7.2% year over year.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for Wabtec depicted a stable picture prior to the earnings release. The Zacks Consensus Estimate for fourth-quarter earnings remained unchanged over the past 60 days.

Prior to the earnings beat in the fourth-quarter, the company delivered positive surprises in three of the trailing four quarters. The company delivered lower-than- expected earnings per share in the other quarter.

Westinghouse Air Brake Technologies Corporation Price and EPS Surprise

 

Westinghouse Air Brake Technologies Corporation Price and EPS Surprise
Westinghouse Air Brake Technologies Corporation Price and EPS Surprise

Westinghouse Air Brake Technologies Corporation price-eps-surprise | Westinghouse Air Brake Technologies Corporation Quote


Revenues Better Than Expected

Wabtec recorded revenues of $2,368.4 million, surpassing the Zacks Consensus Estimate of $2,191.8 million. Also, revenues increased more than 100% year over year.

Key Statistics: For 2020, the company anticipates sales of $8.7 billion. Additionally, adjusted income from operations is estimated to be $1.4 billion. Adjusted EBITDA is expected to be $1.6 billion for the current year. Adjusted earnings per share are predicted in the range of $4.50 to $4.80.

Zacks Rank: Currently, Wabtec carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this Wabtec earnings report later!

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