WAB - Westinghouse Air Brake Technologies Beats Q1 Earnings and Revenue Estimates | Benzinga
Westinghouse Air Brake Technologies (NYSE: WAB) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 26.85%. A quarter ago, it was expected that this maker of parts for locomotives, subways and buses would post earnings of $1.57 per share when it actually produced earnings of $1.54, delivering a surprise of -1.91%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Wabtec, which belongs to the Zacks Transportation - Equipment and Leasing industry, posted revenues of $2.5 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.24%. This compares to year-ago revenues of $2.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...