Wabtec Corporation (NYSE:WAB) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.90 per share.
For the full year, analysts predict revenues of $ 7492.15 million, while looking forward to income of $ 3.77 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 7,300.00 million ~ $ 7,600.00 million, where as bottomline are predicted in a range of $ 3.50 ~ $ 3.80 per share
Click Here For More Historical Outlooks Of Wabtec Corporation
Previous Quarter Performance
Wabtec Corporation reported income for the second quarter of $ 0.87 per share, from the revenue of $ 1,737.00 million. The quarterly earnings dropped 17.92 percent while revenues contracted 22.91 percent compared with the same quarter last year.
Wall street analysts are predicting, WAB to report 2Q20 income of $ 0.75 per share from revenue of $ 1703.16 million. The bottom line results beat street analysts by $ 0.12 or 16.00 percent, at the same time, top line results outshined analysts by $ 33.84 million or 1.99 percent.
Stock Performance
Shares of Wabtec Corporation traded low $ -2.44 or -4.16 percent on Wednesday, reaching $ 56.17 with volume of 2.84 million shares. Wabtec Corporation has traded high as $ 57.78 and has cracked $ 55.83 on the downward trend
According to the previous trading day, closing price of $ 56.17, representing a 67.12 % increase from the 52 week low of $ 35.07 and a 28.31 % decrease over the 52 week high of $ 81.75.
The company has a market capital of $ 10.69 billion and is part of the Industrials sector and Railroads industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.12 per share on October 15, 2020. The dividend were payable on November 27, 2020 to holders of record as of the close of business on November 13, 2020 and ex-dividend date on November 12, 2020.
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on August 14, 2020, with payment date of August 28, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Wabtec Corporation will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wabtec.com
Wabtec Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit vehicle industries worldwide. The companys Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new switcher locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities.
