Wabtec (WAB) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Westinghouse Air Brake Technologies (WAB) reported $2.55 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 22.5%. EPS of $1.70 for the same period compares to $1.22 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.4 billion, representing a surprise of +6.20%. The company delivered an EPS surprise of +16.44%, with the consensus EPS estimate being $1.46.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wabtec performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales to external customers- Transit Segment: $660 million versus $660.21 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
Sales to external customers- Freight Segment: $1.89 billion versus the two-analyst average estimate of $1.73 billion. The reported number represents a year-over-year change of +23.5%.
Income (loss) from operations- Corporate Activities and Elimination: -$75 million compared to the -$25.54 million average estimate based on two analysts.
View all Key Company Metrics for Wabtec here>>>
Shares of Wabtec have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report
