Westinghouse Air Brake Technologies Earnings: Here’s Why the Stock is Up Now

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.62%.

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Westinghouse Air Brake Technologies Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.58% to $1.34 in the quarter versus EPS of $0.96 in the year-earlier quarter.

Revenue: Rose 14.17% to $610.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Westinghouse Air Brake Technologies Corporation reported adjusted EPS income of $1.34 per share. By that measure, the company beat the mean analyst estimate of $1.31. It beat the average revenue estimate of $609.87 million.

Quoting Management:Albert J. Neupaver, Wabtec’s president and chief executive officer, said: “The company’s performance in 2012 was strong, and we are anticipating another record year in 2013. The freight rail and passenger transit markets remain compelling, as countries around the world continue to make investments to improve and expand their transportation infrastructure. With our diversified business model, balanced growth strategies and rigorous application of the Wabtec Performance System, we are confident in the company’s long-term growth prospects.”

Key Stats (on next page)…

Revenue increased 3.88% from $587.59 million in the previous quarter. EPS increased 3.08% from $1.30 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.38 and has not changed. For the current year, the average estimate is a profit of $5.17, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)