The Analysts Are Wrong - Wabtec Is A Strong Buy [Seeking Alpha]
Westinghouse Air Brake Technologies Corporation (WAB)
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am
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Source: Seeking Alpha
The Analysts Are Wrong - Wabtec Is A Strong Buy Summary Wabtec second quarter earnings will likely be 75-95 cents compared to a loss of 4 cents in the first quarter. The keys to growth by 2022 are the $19 billion of high-margin locomotive backlog and the attainment of synergies of $250 million. Wabtec has the skill to exploit these opportunities. In 2022, the stock should be at $125-145, compared to $72 now. It is a strong buy. Wabtec Stock Source: Finbox.io Wabtec ( WAB My last review of Wabtec, before the first quarter earnings announcement, forecast an ugly quarter and recommended sale. The first quarter had a loss of four cents per share. This was because of the purchase accounting and other transaction costs, coupled with the fact that the first quarter contained only 5 weeks of the newly acquired GE ( The New Wabtec Wabtec built the company by continuous cost reduction and growing by acquisition of railway equipment businesses, whose market share was first or second in their nic
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WAB
News
- Wabtec Announces First Quarter 2024 Earnings Release Date [Yahoo! Finance]Yahoo! Finance
- Wabtec Announces First Quarter 2024 Earnings Release DateBusiness Wire
- Global Hydrogen Fuel Cell Train Market Set to Surge at a 11.5% CAGR through 2030, Industry Projections Highlight Robust Growth [Yahoo! Finance]Yahoo! Finance
- Westinghouse Air Brake Technologies' (NYSE:WAB) investors will be pleased with their stellar 101% return over the last five years [Yahoo! Finance]Yahoo! Finance
- Global Hydrogen Fuel Cell Trains Industry Report 2024 Featuring Key Train Manufacturers, Locomotive Operators, and Fuel Cell Manufacturers [Yahoo! Finance]Yahoo! Finance
WAB
Earnings
- 2/14/24 - Miss
WAB
Sec Filings
- 3/27/24 - Form 3
- 3/19/24 - Form 4
- 3/18/24 - Form 8-K
- WAB's page on the SEC website