WAB
Why Did WAB Stock Hit A Record High Today?
Article Summary
BUY- Westinghouse Air Brake Technologies Corp. (NYSE: WAB) surged nearly 12% to a fresh record high on Wednesday after Westinghouse Air Brake Technologies topped second-quarter expectations and lifted full-year 2026 revenue and earnings forecasts, sparking investor optimism.
- The rail equipment maker posted revenue of $3.18 billion, up 17.5% from a year earlier and above analysts' expectations, while adjusted earnings rose 21.6% to $2.76 per share, beating the consensus estimate of $ 2.61.
- Wabtec raised its full- year 2026 guidance to $12.3 billion-$12.6 billion, supported by higher demand in both freight and transit business segments, including contributions from acquisitions of Inspection Technologies, Frauscher Sensor Technologies, and Dellner Couplers.
- The company also highlighted its strong order book with a multi-year backlog of $30.93 billion and 12-month backlog growth of 11.3%, with the stock recording its biggest single-day gains since November 2020.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 9.6% | 25% | 35.0 ptsBelow Screener (9.6%) - Weak growth |
| EPS Growth Next 5Y ? | 15.0% | 25% | 50.0 ptsMeets Minimum (15.0%) - Passes screener |
| Target Price Upside ? | 5.3% | 20% | 35.0 ptsBelow Screener (5.3%) - Target: $305.42 vs Current: $290.00 |
| Gross Margin % ? | 31.8% | 15% | 40.0 ptsModerate (31.8%) - Adequate margins |
| Drawdown from 52-Wk High ? | 1.8% | 15% | 20.0 ptsBarely a Dip (1.8%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About WAB
- Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.
- It operates in two segments, Freight and Transit.
- It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.
- The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions.
- In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers.
- Further, it offers freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long-term parts arrangements; and way equipment maintenance services.
- Additionally, it provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses.
- The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.