Westinghouse Air Brake Technologies Corporation (NYSE:WAB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.02%.
Westinghouse Air Brake Technologies Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.93% to $0.77 in the quarter versus EPS of $0.67 in the year-earlier quarter.
Revenue: Rose 4.62% to $638 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Westinghouse Air Brake Technologies Corporation reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.73. It missed the average revenue estimate of $648.24 million.
Quoting Management: Albert J. Neupaver, Wabtec’s chairman and chief executive officer, said: “Through solid execution of our growth strategies and internal initiatives, we continue to outperform the global economy, which is still experiencing a slow recovery. In this environment, we will maintain our focus on these efforts, and expect to continue to benefit from our diverse business model and global investment in our key markets. As always, the Wabtec Performance System will provide the framework for driving our growth strategies and our programs to increase productivity and reduce costs.”
Key Stats (on next page)…
Revenue increased 3.65% from $615.51 million in the previous quarter. EPS increased 6.94% from $0.72 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.74 to a profit $0.75. For the current year, the average estimate has moved up from a profit of $2.95 to a profit of $2.97 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)