Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2060.6%
Neutral1236.4%
Bearish13.0%
Westinghouse Air Brake Technologies Corporation · WAB · FY2025 Q2 · Calendar Q3 2025
Wabtec raises guidance as acquisitions support growth, risks remain
The call supports a constructive operating case: management paired stronger margins and raised guidance with a strong backlog, international demand and acquisition-led growth. The case remains conditional on converting shifted revenue, integrating acquisitions and containing tariff and leverage risks.
Reported Before market openNYSEIndustrials
$48.57B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.96
Consensus $2.17
EPS surprise
-9.7%
Reported versus consensus
Reported revenue
$2.71B
Consensus $2.77B
Revenue surprise
-2.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.4%
Event window
SPY move
+0.0%
Same window
Abnormal move
-6.4%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-4.6%
Up to 20 sessions
WABSPY benchmark
Ask FN2 about WAB FY2025 Q2
Transcript, numbers and history already loaded
Why did WAB fall 6.4% after missing EPS estimates in FY2025 Q2?What changed in WAB's guidance and outlook in FY2025 Q2?Give me the bull and bear case for WAB after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest analysis shows raised full-year guidance, stronger-than-expected margin expansion and a $60 million supply-part timing issue that shifted revenue to the second half. Management also emphasized acquisition integration, digital and fuel-efficiency investment, and disciplined capital allocation.
Guidance delta
Management raised full-year guidance to $11.1 billion of sales and $8.55-$9.15 of adjusted EPS.
Key takeaways
- Revenue modestly outperformed expectations, while margin expansion exceeded forecasts on favorable mix and cost discipline.
- Management cited strong backlog and demand for locomotives, modernization and digital solutions.
- Recent acquisitions are expected to add revenue and EBITDA in their first year.
- A supply-part issue shifted $60 million of revenue into the second half and was described as corrected.
- Tariffs, geopolitical uncertainty and the North American railcar outlook remain key watchpoints.
Management priorities
- Integrate Inspection Technologies and prepare for the Frauscher Sensor Technology close.
- Finalize the DeLiner Couplers acquisition in H1 2026.
- Invest in engineering for fuel-efficiency and digital initiatives.
- Balance debt reduction, share repurchases and strategic M&A.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$287.54Previous close
$103Low
$252.5Average
$355High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Sep 21, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 13, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 23, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jul 23, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jul 23, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 23, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 23, 2026 |
| Rothschild & Co | Buy | Neutral | Upgrade | Mar 26, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jan 8, 2026 |
| B of A Securities | Buy | Buy | Maintain | Nov 13, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 24, 2025 |
| TD Cowen | Hold | Hold | Maintain | Apr 25, 2024 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Feb 15, 2024 |
| Jefferies | Buy | Hold | Upgrade | Jan 11, 2024 |
| Raymond James | Outperform | Outperform | Maintain | Jul 28, 2023 |
| Atlantic Equities | Overweight | Overweight | Maintain | Feb 16, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Apr 15, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Oct 18, 2019 |
| Buckingham | Neutral | Neutral | Maintain | Oct 18, 2019 |
| Bank of America | Underperform | Underperform | Maintain | Oct 16, 2019 |
| Citi | Neutral | Neutral | Maintain | Jul 10, 2019 |
| Stifel Nicolaus | Buy | Buy | Maintain | Jul 25, 2018 |
| Stifel | Buy | Buy | Maintain | Jul 25, 2018 |
| Mizuho | Neutral | Neutral | Maintain | Jun 29, 2018 |
| Wellington Shields | Hold | Gradually Accumulate | Downgrade | May 16, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | May 14, 2018 |
| Seaport Global | Buy | Buy | Maintain | Jan 4, 2018 |
| Edward Jones | Hold | Buy | Downgrade | Jul 26, 2017 |
| William Blair | Outperform | Market Perform | Upgrade | Dec 21, 2016 |
| Longbow Research | Neutral | Buy | Downgrade | Oct 25, 2016 |
| CLSA | Buy | Buy | Maintain | Sep 30, 2016 |
| Wunderlich | Buy | Buy | Maintain | Oct 9, 2014 |
| Credit Suisse | Outperform | Outperform | Maintain | Sep 5, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $287.54. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stephens | Justin Long | $330 | $289.98 | +14.8% | Jul 23, 2026 |
| KeyBanc | Analyst unavailable | $340 | $289.98 | +18.2% | Jul 23, 2026 |
| Susquehanna | Analyst unavailable | $340 | $289.98 | +18.2% | Jul 23, 2026 |
| Morgan Stanley | Analyst unavailable | $355 | $289.98 | +23.5% | Jul 23, 2026 |
| Morgan Stanley | Analyst unavailable | $318 | $266.64 | +10.6% | Apr 27, 2026 |
| Wolfe Research | Analyst unavailable | $303 | $268.82 | +5.4% | Apr 23, 2026 |
| Susquehanna | Bascome Majors | $305 | $261.47 | +6.1% | Apr 23, 2026 |
| RBC Capital | Analyst unavailable | $291 | $261.47 | +1.2% | Apr 22, 2026 |
| Morgan Stanley | Analyst unavailable | $315 | $258.8 | +9.5% | Feb 17, 2026 |
| Susquehanna | Bascome Majors | $300 | $261.15 | +4.3% | Feb 12, 2026 |
| KeyBanc | Steve Barger | $308 | $254.42 | +7.1% | Feb 12, 2026 |
| Susquehanna | Bascome Majors | $280 | $232.6 | -2.6% | Jan 26, 2026 |
| Morgan Stanley | Angel Castillo | $264 | $224.9 | -8.2% | Jan 12, 2026 |
| Wolfe Research | Analyst unavailable | $245 | $216.62 | -14.8% | Jan 8, 2026 |
| Wells Fargo | Analyst unavailable | $221 | $204.27 | -23.1% | Nov 13, 2025 |
| Susquehanna | Bascome Majors | $240 | $195.71 | -16.5% | Oct 23, 2025 |
| KeyBanc | Steve Barger | $240 | $205.87 | -16.5% | Jun 24, 2025 |
| Stephens | Justin Long | $205 | $187.34 | -28.7% | Oct 24, 2024 |
| Susquehanna | Bascome Majors | $220 | $191.15 | -23.5% | Oct 21, 2024 |
| KeyBanc | Steve Barger | $185 | $163.38 | -35.7% | Apr 25, 2024 |
| Stephens | Justin Long | $180 | $163.38 | -37.4% | Apr 25, 2024 |
| Jefferies | Saree Boroditsky | $150 | $126.99 | -47.8% | Jan 11, 2024 |
| Raymond James | Raymond James Raymond James | $115 | $100.19 | -60.0% | Dec 16, 2022 |
| Morgan Stanley | Analyst unavailable | $106 | $103.86 | -63.1% | Dec 14, 2022 |
| Raymond James | Felix Boeschen | $103 | $94.83 | -64.2% | Aug 18, 2022 |
| Morgan Stanley | Analyst unavailable | $87 | $93.49 | -69.7% | Aug 8, 2022 |
| Stephens | Analyst unavailable | $110 | $94.42 | -61.7% | Aug 8, 2022 |
| Morgan Stanley | Analyst unavailable | $84 | $83.45 | -70.8% | Jul 18, 2022 |
| Morgan Stanley | Analyst unavailable | $113 | $91.59 | -60.7% | May 2, 2022 |
Track every rating change on WAB the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWestinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight railway and urban mass transit sectors. Its operations are bifurcated into two principal divisions: Freight and Transit. The Freight segment develops, produces, and maintains critical components for both newly manufactured and operational freight carriages and locomotives. This includes constructing brand-new commuter-focused locomotives, undertaking comprehensive rebuilding of freight locomotives, and delivering sophisticated railway electronic systems, positive train control (PTC) technology, signal design expertise, and related engineering provisions. This segment also furnishes essential heat exchange and cooling apparatus. Its clientele encompasses major publicly listed railway operators, equipment leasing firms, original equipment manufacturers (OEMs) of locomotives and freight cars, and various utility companies.…
Historical context
All WAB earningsIndustrials peers this season
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Latest beats and misses
Who reports nextBeat on EPS
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- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the WAB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-05T07:20:43.498203+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T07:20:43.495343+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.