Westinghouse Air Brake (NYSE:WAB) reported its Q1 earnings results on Wednesday, April 27, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Westinghouse Air Brake beat estimated earnings by 0.89%, reporting an EPS of $1.13 versus an estimate of $1.12.
Revenue was up $97.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 0.55% increase in the share price the next day.
Here's a look at Westinghouse Air Brake's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.17 | 1.12 | 0.96 | 0.86 |
| EPS Actual | 1.18 | 1.14 | 1.06 | 0.89 |
| Revenue Estimate | 2.18B | 2.08B | 1.87B | 1.85B |
| Revenue Actual | 2.07B | 1.91B | 2.01B | 1.83B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Westinghouse Air Brake management provided guidance for FY 2022, expecting earnings between $4.65 and $5.05 per share.
To track all earnings releases for Westinghouse Air Brake visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
