Westinghouse Air Brake Technologies Corporation's (NYSE: WAB), operating as Wabtec Corporation, top line is bolstered by its robust segmental performance. The shareholder-friendly approach bodes well for the company. Due to the tailwinds, WAB shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it's time to do so.
Let's delve deeper.
Factors Favoring WAB Stock
Robust Price Performance: A look at the company's price trend reveals that its shares have surged 66.8% over the past year, surpassing the industry's 47.2% rise.
Image Source: Zacks Investment Research
Northward Estimate Revisions: The Zacks Consensus Estimate for earnings per share has been revised upward by 5.1% over the past 60 days for the current quarter. For the current year, the consensus mark for earnings per share has moved 1.6% north in the same time frame. The favorable estimate revisions indicate brokers' confidence in the stock.
Solid Zacks Rank: WAB currently carries a Zacks Rank #2 (Buy).
Positive Earnings Surprise History: Wabtec has an encouraging earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate ...
