We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wabtec (WAB) to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , is scheduled to report third-quarter 2020 results on Oct 29, before market open.
The company has a pleasant earnings history as its bottom line outperformed the Zacks Consensus Estimate in three of the last four quarters and missed the mark in the remaining period. The trailing four-quarter earnings surprise is 3.7%, on average.
Westinghouse Air Brake Technologies Corporation Price and EPS Surprise
Moreover, the Zacks Consensus Estimate for third-quarter 2020 earnings has been stable at 90 cents in the past 60 days.
Given this backdrop, let’s delve into the factors that might have impacted the company’s performance in the third quarter.
We expect Wabtec's third-quarter 2020 results to be hurt by tepid sales due to coronavirus-induced disruptions. Sales from both segments, namely Transit and Freight, are likely to have been low in the to-be-reported quarter.
Moreover, the operating ratio (operating expenses as a percentage of revenues) is likely to have deteriorated in the September quarter due to soft revenues. Adverse foreign currency movements might have also dented the company’s third-quarter performance.
However, the company’s efforts to cut costs in the face of a sluggish freight locomotive market due to declining volumes are expected to have aided the bottom-line performance in the to-be-reported quarter. Owing to its cost-containment measures, selling, general and administrative expenses are likely to have been down, thereby reducing operating expenses.
What Does the Zacks Model Say?
Our proven model predicts an earnings beat for Wabtec this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Wabtec has an Earnings ESP of +1.29% since the Most Accurate Estimate is pegged at 92 cents, higher than the Zacks Consensus Estimate of 90 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Wabtec carries a Zacks Rank #3, currently.
Highlights of Q2 Earnings
Wabtec’s earnings (excluding 41 cents from non-recurring items) of 87 cents per share surpassed the Zacks Consensus Estimate of 77 cents. However, the bottom line fell 17.9% year over year. Moreover, total sales decreased 22.3% year over year to $1,737.4 million and also missed the Zacks Consensus Estimate of $1,808.8 million.
Other Stocks to Consider
Investors interested in the broader Transportation sector may check out a few other stocks worth considering like United Parcel Service (UPS - Free Report) , Werner Enterprises (WERN - Free Report) and Schneider National (SNDR - Free Report) as these too possess the perfect combination of elements to beat estimates this earnings season.
UPS has an Earnings ESP of +4.52% and a Zacks Rank #2, presently. The company will release third-quarter 2020 results on Oct 28.
Werner Enterprises has an Earnings ESP of +2.78% and a Zacks Rank of 1, presently. The company will release third-quarter 2020 results on Oct 28.
Schneider National has an Earnings ESP of +1.82% and a Zacks Rank of 2, presently. The company will release third-quarter 2020 results on Oct 29.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
Wabtec (WAB) to Report Q3 Earnings: What's in the Cards?
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , is scheduled to report third-quarter 2020 results on Oct 29, before market open.
The company has a pleasant earnings history as its bottom line outperformed the Zacks Consensus Estimate in three of the last four quarters and missed the mark in the remaining period. The trailing four-quarter earnings surprise is 3.7%, on average.
Westinghouse Air Brake Technologies Corporation Price and EPS Surprise
Westinghouse Air Brake Technologies Corporation price-eps-surprise | Westinghouse Air Brake Technologies Corporation Quote
Moreover, the Zacks Consensus Estimate for third-quarter 2020 earnings has been stable at 90 cents in the past 60 days.
Given this backdrop, let’s delve into the factors that might have impacted the company’s performance in the third quarter.
We expect Wabtec's third-quarter 2020 results to be hurt by tepid sales due to coronavirus-induced disruptions. Sales from both segments, namely Transit and Freight, are likely to have been low in the to-be-reported quarter.
Moreover, the operating ratio (operating expenses as a percentage of revenues) is likely to have deteriorated in the September quarter due to soft revenues. Adverse foreign currency movements might have also dented the company’s third-quarter performance.
However, the company’s efforts to cut costs in the face of a sluggish freight locomotive market due to declining volumes are expected to have aided the bottom-line performance in the to-be-reported quarter. Owing to its cost-containment measures, selling, general and administrative expenses are likely to have been down, thereby reducing operating expenses.
What Does the Zacks Model Say?
Our proven model predicts an earnings beat for Wabtec this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Wabtec has an Earnings ESP of +1.29% since the Most Accurate Estimate is pegged at 92 cents, higher than the Zacks Consensus Estimate of 90 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Wabtec carries a Zacks Rank #3, currently.
Highlights of Q2 Earnings
Wabtec’s earnings (excluding 41 cents from non-recurring items) of 87 cents per share surpassed the Zacks Consensus Estimate of 77 cents. However, the bottom line fell 17.9% year over year. Moreover, total sales decreased 22.3% year over year to $1,737.4 million and also missed the Zacks Consensus Estimate of $1,808.8 million.
Other Stocks to Consider
Investors interested in the broader Transportation sector may check out a few other stocks worth considering like United Parcel Service (UPS - Free Report) , Werner Enterprises (WERN - Free Report) and Schneider National (SNDR - Free Report) as these too possess the perfect combination of elements to beat estimates this earnings season.
UPS has an Earnings ESP of +4.52% and a Zacks Rank #2, presently. The company will release third-quarter 2020 results on Oct 28.
Werner Enterprises has an Earnings ESP of +2.78% and a Zacks Rank of 1, presently. The company will release third-quarter 2020 results on Oct 28.
Schneider National has an Earnings ESP of +1.82% and a Zacks Rank of 2, presently. The company will release third-quarter 2020 results on Oct 29.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>