Wabtec Reports Second Quarter Results, Updates Full-Year Guidance
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Stifel Cuts Price Target on Wabtec (WAB) to $85 Following 2Q EPS Miss
July 26, 2016 7:46 AM EDTStifel reiterated a Buy rating on Wabtec (NYSE: WAB), and cut the price target to $85.00 (from $90.00), following the company's 2Q earnings report. WAB reported an adjusted EPS of $1.05, below the Street's consensus of $1.08. Stifel sees the current weakness in shares as an attractive entry point.
Analyst Michael Baudendistel commented, "We believe now is an... More
Wabtec (WAB) Misses Q2 EPS by 3c; Trims Outlook
July 25, 2016 6:48 AM EDTWabtec (NYSE: WAB) reported Q2 EPS of $1.05, $0.03 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $724 million versus the consensus estimate of $806.48 million.
GUIDANCE:
Wabtec sees FY2016 EPS of $4.00-$4.20, versus the consensus of $4.37.
For earnings history and earnings-related data on Wabtec (WAB) click here.
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