Wabtec Sees 2024 Adj. EPS $6.50-$6.90 Vs. $6.73 Est., Sales $10.05B-$10.35B Vs $10.18B Est.
Portfolio Pulse from Benzinga Newsdesk
Wabtec forecasts its 2024 adjusted EPS to be between $6.50 and $6.90, compared to the estimated $6.73. The company also projects sales to range from $10.05 billion to $10.35 billion, versus the estimated $10.18 billion.
February 14, 2024 | 11:34 am
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POSITIVE IMPACT
Wabtec forecasts a higher adjusted EPS and sales for 2024 than analysts' estimates, indicating potential growth.
Wabtec's forecast surpassing analysts' estimates suggests confidence in their business growth and operational efficiency. This positive outlook is likely to instill investor confidence, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100