Wabtec Q3 Revenue Up 8.4%, Q4 Sales Forecast $2.86B and EPS $2.08
Wabtec delivered Q3 revenues of $2.89 billion, up 8.4% year-on-year, surpassing adjusted operating income estimates but missing organic revenue forecasts. Analysts forecast Q4 revenue of $2.86 billion, up 10.9% year-on-year, and adjusted EPS of $2.08 as sector peers Greenbrier and PACCAR report double-digit revenue declines.
1. Previous Quarter Performance
Wabtec reported Q3 revenues of $2.89 billion, an 8.4% increase year-on-year, with adjusted operating income exceeding estimates but organic revenue falling short. This marks the fourth time in two years that the company has missed Wall Street’s revenue projection.
2. Q4 Forecasts and Analyst Estimates
Analysts expect Q4 revenue of $2.86 billion, up 10.9% year-on-year, and adjusted earnings of $2.08 per share. Estimates have held steady over the past month, suggesting confidence in Wabtec’s near-term performance trajectory.
3. Peer Comparisons and Sector Sentiment
Greenbrier posted a 19.4% revenue decline, topping forecasts by 7.7%, while PACCAR saw a 13.7% drop, beating estimates by 2.5%. Heavy transportation equipment stocks have risen 8.2% on average over the last month, matching Wabtec’s gain, with an average analyst price target of $249.42.