Westinghouse Air Brake Technologies Corporation (NYSE: WAB), or Wabtec, shares have rallied 29.9% on a year-to-date basis compared with the industry's 5.9% decline. The S&P 500 composite index rose 17.9% in the same time frame, while the Zacks Transportation sector gained 1.8%. The U.S.-based company currently has a market capitalization of $28.95 billion.
Wabtec, presently sporting a Zacks Rank #1 (Strong Buy), boasts an impressive track record of beating estimates in each of the trailing four quarters, the average surprise being 11.8%.
YTD Price Performance
Image Source: Zacks Investment Research
Can WAB Retain the Momentum?
The Zacks Consensus Estimate for WAB's 2024 earnings is pegged at $1.86 per share, which indicates an improvement of 9.4% from 2023's actuals. The same for revenues stands at $2.64 billion, which implies a 3.7% increase from the prior year's actual.
The consensus mark for 2025 earnings is pegged at $8.30 per share, which indicates ...
