Wabtec beats Q2 sales, profit estimates; lifts results outlook
WAB•Analyst coverage and valuation
The current average analyst rating on the shares is "buy," with 9 "strong buy" or "buy" ratings, 4 "hold" ratings and no "sell" or "strong sell" ratings.
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."
Wall Street's median 12-month price target for Westinghouse Air Brake Technologies Corp is $304.00, about 15.4% above its July 21 closing price of $263.53.
The stock recently traded at 23 times the next 12-month earnings, versus a P/E of 23 three months ago.
Q2 sales and profit beat estimates
Wabtec said second-quarter sales rose 17.5%, beating analyst expectations, while adjusted earnings per share grew 21.6% and also topped estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $3.18 bln | $3.07 bln (8 Analysts) |
| Q2 Adjusted EPS | Beat | $2.76 | $2.60 (9 Analysts) |
| Q2 EPS | $2.33 | ||
| Q2 Adjusted Gross Margin | 36.70% |
Guidance raised for revenue and adjusted EPS
The company raised its full-year revenue and adjusted EPS outlook after the strong quarter.
Wabtec increased 2026 revenue guidance to $12.3 billion-$12.6 billion, up $110 million at the midpoint, and lifted 2026 adjusted EPS guidance to $10.60-$10.90, up $0.30 at the midpoint.
Wabtec said its strong multi-year backlog provides sales visibility for future periods.
