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Pittsburgh, Pennsylvania-based Westinghouse Air Brake Technologies Corporation (WAB) is a leading provider of technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit markets. Valued at $34.3 billion by market cap, the company offers diesel-electric, battery, and LNG-powered locomotives, marine products, railway electronics as well as components for braking, HVAC systems, and passenger information systems. The heavy transportation equipment company is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Wednesday, Feb. 12.
Ahead of the event, analysts expect WAB to report a profit of $1.73 per share on a diluted basis, up 12.3% from $1.54 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.