) detailed a solid fourth-quarter report yesterday. It didn't take
long for its 2012 earnings estimates to move higher. Nor was there
any hesitation in the company reaching high up on the Zacks #1 Rank
Top Performers List.
Today, it gained 5.15%, while volume eclipsed 500,000 shares. The
daily average is only around 320,000.
WAB is a global provider of technology-based products and services
for rail and industrial markets. The company is part of the
transportation - equipment & leasing
, which currently has a Zacks Industry Rank of 43rd out of 265.
The fourth quarter saw earnings per share of 96 cents, which was
50% better than the year-ago result, but only matched the Zacks
Consensus Estimate. Sales jumped 36% to $535 million, thanks to
higher sales in the Freight Group.
The company also forecasted earnings per share of around $4.30 for
this year, with revenues expected to increase about 10%.
It should be noted that there are only two analysts covering the
company for this year. However, one of those two have raised
expectations in the past seven days, which was enough to send the
Zacks Consensus Estimate higher by almost 2% to $4.33 per share.
There are six analysts covering for 2013, where the Zacks Consensus
Estimate is up 1.2% in 30 days to $4.92. These expectations suggest
potential profit growth of more than 13% for next year over this
Wabtec believes it can take full advantage of its growth
opportunities around the world and is in a great position for
another record performance in 2012. The company attributed this
optimism to its diversified business model, its balanced growth
strategies and its rigorous application of the Wabtec Performance
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