Westinghouse Air Brake Technologies Beats on Revenue, Matches Expectations on EPS
Westinghouse Air Brake Technologies (NYS: WAB) filed its 10-K on Feb. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Westinghouse Air Brake Technologies beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins grew, and net margins increased.
Westinghouse Air Brake Technologies booked revenue of $534.6 million. The five analysts polled by S&P Capital IQ expected revenue of $497.3 million on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $393.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.96. The eight earnings estimates compiled by S&P Capital IQ predicted $0.96 per share on the same basis. GAAP EPS of $0.95 for Q4 were 48% higher than the prior-year quarter's $0.64 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 27.6%, 240 basis points worse than the prior-year quarter. Operating margin was 14.3%, 30 basis points better than the prior-year quarter. Net margin was 8.7%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $522.4 million. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $2.18 billion. The average EPS estimate is $4.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 410 members rating the stock outperform and 11 members rating it underperform. Among 111 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 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 $78.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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