Westinghouse Air Brake Technologies Corp reports results for the quarter ended September 30 - Earnings Summary

• Westinghouse Air Brake Technologies Corp WAB.N reported quarterly adjusted earnings of $2.83​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.32. The mean expectation of twelve analysts for the quarter was for earnings of $2.74 per share. Wall Street expected results to range from $2.65 to $2.82 per share.

• Revenue rose 8.1% to $3.12 billion from a year ago; analysts expected $3.20 billion.

• Westinghouse Air Brake Technologies Corp's reported EPS for the quarter was $2.42​.

• The company reported quarterly net income of $409 million.

• Westinghouse Air Brake Technologies Corp shares had fallen by 1.3% this quarter and gained 32.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Westinghouse Air Brake Technologies Corp is $340.00, about 16.6% above its last closing price of $283.43

This summary was machine generated from LSEG data October 21 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)