Westinghouse Air Brake Technologies Earnings Preview: Can This Streak Continue?

Westinghouse Air Brake Technologies (NYSE:WAB) will report earnings before markets open on Wednesday, April 24th. Wabtec Corporation, doing business as Westinghouse Air Brake Technologies Corporation, provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec also builds new locomotives and provides aftermarket services.

Here is your Cheat Sheet to Westinghouse Air Brake Technologies Earnings:

Earnings Expectations: Analysts expect earnings of $1.40 per share on revenues of $638.80 million. Currently, the company’s P/E ratio stands at 19.16.

Analyst Trends:

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 $1.48 to a profit $1.51. For the current year, the average estimate is a profit of $5.9, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Westinghouse Air Brake Technologies has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,575 1,402 1,507 1,968 2,391
Diluted EPS ($) 2.66 2.39 2.56 3.51 5.19

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 534.64 583.31 609.82 587.59 610.40
Diluted EPS ($) 0.95 1.22 1.33 1.30 1.34

Past Performance:
Westinghouse Air Brake Technologies has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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