4Q EPS In-Line; Trimming Estimates
- Wabtec’s 4Q17 (Dec) adjusted EPS of $0.90 (vs $0.81 a year earlier) was up 11% YoY and in-line with preliminary results reported on February 2nd;
- Full year 2017 EPS was $3.43 (vs $3.86 in 2016 and 2015’s record $4.10);
- Our 2018 EPS projection is now $3.80 (vs $3.43 in 2017, Company guidance introduced at $3.80, and our previous $3.98 estimate) as a pick-up in Freight aftermarket, strength in Transit, growth in PTC and LEY synergies are being partially offset by higher costs to complete Transit contracts;
- For 2019, our EPS estimate is being introduced at $4.30, up 13% from our 2018 projection.
Wabtec primarily serves the global freight rail and passenger transit industries. The company provides its products and services through two segments: Freight, which primarily manufactures and provides aftermarket parts and services for new locomotives; provides components for new and existing locomotives and freight cars; builds new commuter locomotives; and supplies rail control and infrastructure products, among others: and Transit, which primarily manufactures and services components for new and existing passenger transit vehicles, mainly regional trains, high speed trains, subway cars, light-rail vehicles and buses; and supplies rail control and infrastructure products, among others.
Great Lakes Review is located in Cleveland, Ohio, was founded in 1981 and became a division of Wellington Shields & Co. LLC in 2011. Great Lakes Review is a research boutique focused on the fundamentally-oriented investor seeking companies that dominate their respective specialty niche regardless of industry. The objective is to make money for the long-term by gradually accumulating a diversified portfolio from a universe of no more than 30 companies. Although short-term-oriented accounts will be alerted to trading opportunities, aggressive sell recommendations are triggered only by a deterioration in long-term fundamentals, not by short-term blips or investor fancy. Coverage of those names that lose their earnings momentum or earnings predictability may be dropped and replaced with more vital candidates.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.