It has been about a month since the last earnings report for Westinghouse Air Brake Technologies (WAB) . Shares have added about 4.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Wabtec due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wabtec Q3 Earnings Surpass ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Sty ...

Westinghouse Air Brake Technologies (WAB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...

Wabtec Corporation (WAB) is strengthening its operations with strategic acquisitions. To this end, Wabtec announced the acquisitions of Fanox and Kompozitum. Wabtec is purchasing the two companies for a $110 million cash transaction, financed through cash on hand and a revolving credit facility.The two companies will join Wabtec’s Transit business (which recently reported third-quarter 2024 net sales of $733 million, up 9.6% year over year due to strong aftermarket sales. The segmental adjusted operating ma ...

Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Westinghouse Air Brake Technologies (WAB) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Westinghouse Air Brake Technologies is a member of our Transportation group, which includes 135 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The avera ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

文章核心观点 - 作者是一名资深研究分析师,拥有10年投资银行从业经验,专注于行业和公司研究 [1] - 作者擅长解读各种新闻、事件、财报等,发现潜在的投资机会和风险 [1] - 作者将采用结合因子分析和基本面分析的方法,提供有价值的投资见解 [1] - 作者有丰富的行业覆盖经验,曾管理高收益固定收益基金,并参与量化资产配置策略研究 [1] - 作者热衷于投资者教育,曾撰写两本相关著作 [1] 公司相关 - 作者将不再受制于任何机构的产品议程,只专注于为读者提供最佳的可操作投资见解 [1] - 作者认为,数据和数字只是为了启发人工智能生成的投资故事,而不应该被数字本身所束缚 [1] - 作者认为,投资是关于未来的,数字(过去)只能带我们走到一定程度,需要结合金融理论和基本面分析来真正洞见未来 [1] 行业相关 - 作者曾广泛覆盖大盘股、小盘股、价值股、成长股等各类股票 [1] - 作者曾开发和使用过多种不同的量化模型 [1] - 作者曾担任过股票通讯社编辑,并在投资者教育方面有丰富经验 [1]

Westinghouse Air Brake Technologies Corporation (WAB) reported third-quarter 2024 earnings per share (EPS) (excluding 37 cents from non-recurring items) of $2.00, which surpassed the Zacks Consensus Estimate of $1.87. The bottom line improved 17.6% year over year due to higher sales and operating margin expansion.Wabtec’s bullish EPS guidance looks encouraging.  WAB now expects its 2024 adjusted EPS in the range of $7.45-$7.65, which is higher than the prior guidance of $7.20-$7.50. The Zacks Consensus Esti ...

业绩总结 - Wabtec第三季度销售额为26.6亿美元，同比增长4.4%[3] - GAAP每股收益（EPS）为1.63美元，同比增长22.6%；调整后每股收益为2.00美元，同比增长17.6%[3] - 第三季度运营收入为4.33亿美元，运营利润率为16.3%[6] - 调整后EBITDA为8.87亿美元，调整后运营利润率为19.7%[6] - 2024年第三季度净收入为2.86亿美元，较2023年同期的2.42亿美元增长18.2%[61] - 2024年前九个月，净收入为8.54亿美元，较2023年前九个月的6.08亿美元增长40.4%[64] 用户数据 - 12个月的订单积压为76.2亿美元，较去年增长7.5%[3] - 2024年第三季度货运部门销售额为18.8亿美元，较2023年同期的19.3亿美元下降了2.6%[38] - 2024年第三季度运输部门销售额为6.69亿美元，较2023年同期的7.33亿美元下降了8.8%[55] - 2024年第三季度，货运净销售额为19.3亿美元，同比增长2.6%[62] - 2024年第三季度，交通净销售额为7.33亿美元，同比增长9.6%[62] 现金流与财务状况 - 现金流从运营中产生5.42亿美元，年初至今现金流为11.11亿美元，较去年同期的5.15亿美元显著增长[3] - 2024年截至目前的现金流来自运营为11.11亿美元，现金转换率为90%[57] - 截至2024年9月30日，现金及现金等价物为4.1亿美元，较2023年12月31日的6.2亿美元下降33.9%[63] - 2024年更新的财务指导显示，预计收入在102.5亿至105.5亿美元之间，调整后的每股收益在7.20至7.50美元之间[58] 毛利与成本 - 第三季度毛利润为8.80亿美元，毛利率为33.0%[8] - 2024年第三季度的毛利率为33.0%，较2023年同期的31.0%有所提升[61] - 原材料成本基本持平，外汇波动导致调整后的毛利润减少200万美元[8] 其他信息 - 2024年第三季度货运运营利润率为20.2%，较2023年第三季度的17.3%提升了2.9个百分点[62] - 2024年第三季度交通运营收入为7900万美元，较2023年第三季度的7000万美元增长12.9%[62] - 2024年第三季度每股收益为1.63美元，较2023年第三季度的1.33美元增长22.6%[66] - 2024年第三季度现金转换率为129%[83]

财务数据和关键指标变化 - 第三季度销售额为27亿美元，同比增长约4.5% [3][9] - 调整后的每股收益（EPS）同比增长近18%，达到2美元 [10] - 运营现金流为5.42亿美元 [3][18] - 12个月的订单积压为76亿美元，同比增长7.5% [4] 各条业务线数据和关键指标变化 - 设备销售同比下降17.3%，主要由于新机车交付的时机 [11] - 服务销售增长16.5%，主要受现代化和检修需求的推动 [12] - 数字智能销售同比增长12.7% [12] - 货运部门销售增长2.6%，调整后的运营利润为4.67亿美元，运营利润率为24.1% [15][16] - 交通部门销售增长9.6%，调整后的运营利润为9300万美元，运营利润率为12.8% [17] 各个市场数据和关键指标变化 - 北美铁路货运量持续增长，尽管机车车队与去年持平 [4] - 国际市场投资显著增加，支持强劲的国际机车订单管道 [5] - 2024年北美铁路车厢交付量预期从38,000辆上调至41,000辆 [5] 公司战略和发展方向和行业竞争 - 公司继续执行资本配置框架，以最大化股东价值，投资未来增长并回馈股东 [4] - 公司专注于数字化和可持续交通解决方案，以应对行业的去碳化需求 [5][12] - 计划通过“整合2.0”项目实现7500万至9000万美元的年度节省 [10][24] 管理层对经营环境和未来前景的评论 - 管理层对未来的乐观态度，认为公司在各个业务领域均有增长 [19] - 预计2024年调整后的每股收益将达到7.45至7.65美元，同比增长27.5% [19] - 管理层强调持续的创新和技术投资将推动未来的盈利增长 [34] 其他重要信息 - 第三季度现金流受益于更高的收益和9500万美元的证券化借款 [18] - 公司在第三季度回购了5.99亿美元的股票，并支付了3500万美元的股息 [18] 问答环节所有提问和回答 问题: 关于2025年的初步想法 - 管理层表示，尽管尚未提供2025年的具体指导，但基本面强劲，所有业务均在增长 [22][23] 问题: 关于整合2.0的进展 - 管理层确认整合2.0项目的节省超出预期，预计将在第四季度继续受益 [24] 问题: 关于货运部门的利润率 - 管理层指出，货运部门的利润率上升主要得益于服务业务的良好表现和成本控制 [26][27] 问题: 关于国际市场的增长 - 管理层强调国际市场的增长势头强劲，特别是在哈萨克斯坦和南美洲 [33][34] 问题: 关于收购和资本配置策略 - 管理层表示，收购仍然是优先的资本使用方式，关注数字化和相邻市场的机会 [56][57]