Wabtec's Q4 Earnings Coming Up: What's in the Offing for WAB Stock?

Westinghouse Air Brake Technologies WAB, operating as Wabtec Corporation, is scheduled to report fourth-quarter 2024 results on Feb. 12, before market open.See the Zacks Earnings Calendar to stay ahead of market-making news.The Zacks Consensus Estimate for WAB’s soon-to-be-reported quarter’s earnings has been revised downward by 0.6% in the past 60 days to $1.73 per share. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $2.59 billion, which indicates growth of 2.6% from the year-ago levels. The top line is likely to reflect strength across the Freight and Transit segments.Wabtec has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 9.5%.Wabtec Price and EPS Surprise Wabtec price-eps-surprise | Wabtec QuoteWe expect Wabtec's performance in the to-be-reported quarter to be boosted by an uptick in total revenues. Our estimate for Freight revenues is pegged at $1.84 billion, which implies 2.5% growth from the prior-year figures. Meanwhile, estimates for Transit revenues are pegged at $757.3 million,indicating 4% growth from the prior-year figures. The Freight segment is likely to have performed well due to higher demand for services and components, while the Transit segment may have benefited from strong aftermarket and original equipment manufacturing sales.On the contrary, the surge in operating expenses and supply-chain disruptions are likely to have adversely impacted the company’s bottom-line performance in the to-be-reported quarter.What Our Model Says About WABOur proven model does not conclusively predict an earnings beat for Wabtec this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.Wabtec has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Highlights of WAB’s Q3 ResultsWAB reported third-quarter 2024 earnings per share (excluding 37 cents from non-recurring items) of $2.00, which surpassed the Zacks Consensus Estimate of $1.87. The bottom line improved 17.6% year over year due to higher sales and operating margin expansion.Revenues of $2.66 billion beat the Zacks Consensus Estimate of $2.64 billion. The top line grew 4.4% year over year due to higher sales of the Freight and Transit segments.Stocks to ConsiderHere are a few stocks from the broader Zacks Transportation sector that investors might want to consider, as our model shows that these have the right combination of elements to beat estimates in the next earnings release.FedEx FDX has an Earnings ESP of +5.75% and a Zacks Rank #3 at present. FDX is set to release third-quarter fiscal 2025 results on March 20.You can see the complete list of today’s Zacks #1 Rank stocks here.FDX has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate thrice in the preceding four quarters and missing once. The average miss is 57.4%.Expeditors International of Washington EXPD has an Earnings ESP of +6.54% and a Zacks Rank #3 at present. EXPD is slated to release fourth-quarter 2024 results on Feb. 18. EXPD has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once. The average beat is 4.8%.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Wabtec (WAB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks