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Valued at a market cap of $36.6 billion, Westinghouse Air Brake Technologies Corporation (WAB) delivers advanced technology solutions for the freight rail and passenger transit sectors. Headquartered in Pittsburgh, Pennsylvania, its offerings include diesel-electric and LNG-powered locomotives, engines, electric motors, propulsion systems, and equipment for marine and mining applications. The company is set to release its fiscal Q2 earnings before the market opens on Thursday, July 24.
Ahead of this event, analysts expect WAB to report a profit of $2.17 per share, up 10.7% from $1.96 per share in the year-ago quarter. The company has exceeded Wall Street's earnings estimates in three of the last four quarters, while missing in another occasion.
For fiscal 2025, analysts expect WAB to report a profit of $8.72 per share, up 15.3% from $7.56 in fiscal 2024.
Shares of WAB have surged 35.7% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 13..4% rise, and the Industrial Select Sector SPDR Fund’s (XLI) 22.8% surge over the same time frame.
WAB shares surged 5.9% after the company reported its Q1 results on April 23. Revenue rose 4.5% year-over-year to $2.6 billion, slightly surpassing consensus estimates, driven by increased net sales across both of its operating segments. Adjusted operating margin expanded by 190 basis points, fueling a 14.1% year-over-year rise in adjusted operating income. Adjusted EPS came in at $2.28, marking a 20.6% increase from the prior year and beating Wall Street expectations by 13.4%.
Wall Street analysts are moderately optimistic about WAB’s stock, with a "Moderate Buy" rating overall. Among the 11 analysts covering the stock, six recommend "Strong Buy" and five advise “Hold.” The mean price target for WAB is $216.40, indicating a marginal potential upside from current price levels.
