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Westinghouse Air Brake Technologies Corporation (WAB), with a market cap of $27.6 billion, is a leading provider of advanced locomotives, components, and technology-based systems for the global freight rail and passenger transit industries. The Pittsburgh, Pennsylvania-based company is slated to announce its fiscal Q2 earnings results before the market opens on Wednesday, July 24.
Ahead of the event, analysts are expecting WAB to report a profit of $1.81 per share, up 28.4% from $1.41 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. Wabtec surpassed the consensus EPS estimate by 26.9% in the most recent quarter, driven by strong growth in its freight segment.
