Wabtec Raises 2024 Guidance: Expects Sales Of $10.25B-$10.55B (Prior $10.05B-$10.35B) Vs. $10.205B Consensus And Sees Adjusted EPS Of $7-$7.40 (Prior $6.50 to $6.90) Vs. $6.79 Consensus
Portfolio Pulse from Benzinga Newsdesk
Wabtec has raised its 2024 financial guidance, now expecting sales between $10.25B-$10.55B, up from the previous $10.05B-$10.35B, and adjusted EPS of $7-$7.40, increased from $6.50-$6.90. These figures surpass the consensus estimates of $10.205B in sales and $6.79 EPS. Additionally, Wabtec anticipates an operating cash flow conversion of over 90% for the full year.

April 24, 2024 | 10:36 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wabtec has updated its 2024 guidance, projecting higher sales and EPS than previously anticipated, exceeding consensus estimates. The company also expects an operating cash flow conversion rate of over 90%.
Raising financial guidance typically signals a company's confidence in its future performance, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price. The fact that Wabtec's new guidance exceeds consensus estimates further strengthens the positive outlook, suggesting a higher level of confidence from the company in its operational efficiency and market position.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100