Wabtec Raised And Tightened Its 2024 Guidance For Adjusted EPS To $7.45-$7.65 (Prior $7.20 -$7.50) Vs. $7.49 Consensus; Reaffirmed Sales Outlook Of $10.25B-$10.55B Vs. $10.343B Consensus
Portfolio Pulse from Benzinga Newsdesk
Wabtec has raised and tightened its 2024 guidance for adjusted EPS to $7.45-$7.65, up from the previous $7.20-$7.50, and reaffirmed its sales outlook of $10.25B-$10.55B. The company expects an operating cash flow conversion of over 90% for the full year 2024.
October 23, 2024 | 10:41 am
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POSITIVE IMPACT
Wabtec has increased its 2024 adjusted EPS guidance to $7.45-$7.65, surpassing the consensus of $7.49, and maintained its sales outlook. This positive revision suggests confidence in future performance and could boost investor sentiment.
The upward revision of EPS guidance indicates Wabtec's confidence in its financial performance, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price. The reaffirmation of sales outlook provides stability, further supporting a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100