Wabtec (WAB) reported earnings 30 days ago. What's next for the stock?
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WAB's Transit unit performs well in fourth-quarter 2024, with sales increasing 7.1% year over year.
Westinghouse Air Brake Technologies Corporation (NYSE:WAB ) Q4 2024 - Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants Kyra Yates - VP, IR Rafael Santana - President and CEO John Olin - CFO John Mastelers - SVP, Finance Conference Call Participants Robert Wertheimer - Melius Research Angel Castillo - Morgan Stanley Saree Boroditsky - Jefferies Ken Hoexter - Bank of America Daniel Imbro - Stephens Inc Jerry Revich - Goldman Sachs Bascome Majors - Susquehanna Ivan Yi - Wolfe Research Operator Good day, and welcome to the Wabtec's Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions].
The headline numbers for Wabtec (WAB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Locomotive technology specialist Westinghouse Air Brake Technologies (WAB -0.12%) reported fourth-quarter and full-year 2024 earnings on Wednesday, Feb. 12, that fell short of analysts' consensus expectations. Adjusted EPS of $1.68 missed the forecast of $1.73 and Q4 revenue of $2.58 billion came in just under the anticipated $2.62 billion.
Westinghouse Air Brake Technologies (WAB) came out with quarterly earnings of $1.68 per share, missing the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.54 per share a year ago.
WAB's consistent efforts to reward its shareholders through dividend hikes highlight its financial bliss.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wabtec (WAB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Wabtec's fourth-quarter bottom line is expected to have been hurt by elevated operating expenses.
The acquisition is expected to double Wabtec's total addressable market from approximately $8 billion to $16 billion.
High operating costs are hurting WAB's bottom line. The company's shareholder-friendly approach bodes well.