Westinghouse Air Brake Technologies
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Westinghouse Air Brake Technologies met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.
Margins increased across the board.
Westinghouse Air Brake Technologies reported revenue of $610.4 million. The nine analysts polled by S&P Capital IQ anticipated sales of $612.3 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $534.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.34. The 10 earnings estimates compiled by S&P Capital IQ averaged $1.31 per share. GAAP EPS of $1.34 for Q4 were 41% higher than the prior-year quarter's $0.95 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.6%, 200 basis points better than the prior-year quarter. Operating margin was 16.5%, 220 basis points better than the prior-year quarter. Net margin was 10.6%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $634.2 million. On the bottom line, the average EPS estimate is $1.39.
Next year's average estimate for revenue is $2.63 billion. The average EPS estimate is $5.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 489 members out of 502 rating the stock outperform, and 13 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give Westinghouse Air Brake Technologies a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Westinghouse Air Brake Technologies is outperform, with an average price target of $89.86.
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