It has been a few month because the final earnings report for Westinghouse Air Brake Applied sciences (WAB). Shares have misplaced about 10.3% in that timeframe, underperforming the S&P 500.
Will the latest unfavorable pattern proceed main as much as its subsequent earnings launch, or is Wabtec due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast take a look at the latest earnings report with the intention to get a greater deal with on the vital catalysts.
How Have Estimates Been Shifting Since Then?
It seems, estimates revision flatlined through the previous month.
VGM Scores
Presently, Wabtec has a pleasant Progress Rating of B, although it’s lagging quite a bit on the Momentum Rating entrance with an F. Charting a considerably related path, the inventory was allotted a grade of D on the worth aspect, placing it within the backside 40% for this funding technique.
General, the inventory has an mixture VGM Rating of C. In case you aren’t targeted on one technique, this rating is the one you need to be eager about.
Outlook
Wabtec has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
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Wabtec (WAB) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
