WAB gains from segmental strength and consistent shareholder-friendly initiatives.
Wabtec is benefiting from a strong segmental performance, boosting the company's top line. The shareholder-friendly approach bodes well for the company.
With earnings estimates soaring high, we assess the investment potential of WAB stock currently.
Wabtec's top line is bolstered by robust segmental performance and strong liquidity. Freight revenues increase 13% year over year.
Wabtec (WAB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Wabtec (WAB) reported earnings 30 days ago. What's next for the stock?
Wabtec (WAB) raises 2024 earnings per share guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously.
Emotionally speaking, many folks love railroads and as such, could find Wabtec appealing. WAB also makes sense for regular investors. Railroading is a very important business. And WAB solves the biggest knock against railroads, which is that they, according to Warren Buffett, “eat capital”.
Wabtec (WAB) possesses solid growth attributes, which could help it handily outperform the market.
Wabtec (WAB) raises its 2024 adjusted earnings guidance to the $7.20-$7.50 range from the prior view of $7.00-$7.40.
While the top- and bottom-line numbers for Wabtec (WAB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Wabtec's (WAB) Q2 performance is expected to be affected by rising operating expenses.