Westinghouse Air Brake Technologies
The 10-second takeaway
For the quarter ended June 30 (Q2), Westinghouse Air Brake Technologies missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded.
Margins grew across the board.
Westinghouse Air Brake Technologies tallied revenue of $638.0 million. The nine analysts polled by S&P Capital IQ expected revenue of $647.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.77. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.77 for Q2 were 15% higher than the prior-year quarter's $0.67 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 30.2%, 180 basis points better than the prior-year quarter. Operating margin was 17.6%, 110 basis points better than the prior-year quarter. Net margin was 11.7%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $658.1 million. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $3.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 517 members out of 530 rating the stock outperform, and 13 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 give Westinghouse Air Brake Technologies a green thumbs-up, and one 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 $59.19.
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