Equity Profile

WAB

Westinghouse Air Brake Technologies Corporation

IndustrialsConstruction Machinery & Heavy Transportation Equipment$44.3B

Apr22Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Westinghouse Air Brake Technologies Corporation (WAB) operates in the industrial sector, focusing on construction machinery and heavy transportation equipment. The company plays a crucial role in providing advanced technologies for rail and transit systems, which are essential for efficient transportation and infrastructure development.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well WAB is managing costs and generating revenue.

Expected to be around $2.71.

Revenue Growth

Revenue growth is vital for understanding the overall health of the business and its ability to capture market share in the industrial sector.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WAB Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+4.88%

Avg Stock Reaction

-1.84%

Last Quarter Recap

In Q1 2026, WAB reported an EPS of $2.71, exceeding expectations by 6.15%. The stock reacted positively, gaining 1.51% the following day.

Management Promises & Guidance

Continued focus on innovation in rail technologies.
Commitment to improving operational efficiencies.
Plans to expand market presence in international markets.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about WAB's upcoming earnings, given its strong track record of beating EPS estimates. However, concerns about revenue growth and market conditions may temper expectations.

Bull Case

If WAB can deliver strong EPS and show solid revenue growth, it could signal robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if the company misses on EPS or fails to provide clear revenue guidance, it could lead to a sharp decline in stock price, reflecting investor disappointment.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $2.71.

EPS is a key indicator of the company's profitability and will help gauge how well WAB is managing costs and generating revenue.

Revenue Growth

Not available.

Revenue growth is vital for understanding the overall health of the business and its ability to capture market share in the industrial sector.

Operating Margin

Not available.

Operating margin will provide insights into the company's efficiency and cost management, which are critical in the competitive industrial landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will WAB achieve an EPS of $2.71 or higher?

A strong EPS could reinforce investor confidence and support a positive stock reaction.

What are the revenue growth expectations for the upcoming quarters?

Clear guidance on revenue growth will be critical for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating WAB's ability to leverage its recent innovations in rail technology, which could drive higher-than-expected demand.

Supporting Evidence

WAB has consistently beaten EPS estimates, suggesting stronger operational performance.

The options market is pricing a smaller move than historical averages, indicating potential for a larger surprise.

Insider selling may suggest confidence in the company's future performance despite the recent transactions.

Key Risk

If WAB can demonstrate significant revenue growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on WAB's ability to meet or exceed EPS expectations and provide clarity on revenue growth.

Bull Confirmed If

Delivering an EPS of $2.71 or better while showing positive revenue growth.

Bear Confirmed If

An EPS below $2.55 or lack of clear revenue guidance.

Pre-Earnings Positioning

Options Market

Implied Move

±2.17%

Historical Avg

±4.5%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are expecting a relatively stable reaction to the earnings report.

Options are pricing ±2.2% while WAB has averaged ±4.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

26.5%

Calls (2K)P/C Ratio: 0.20Puts (1K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$16.4M

60,852 sh

1 insider

Net

$16.4M

Net selling

Most Active Insiders· 4 open-market trades

President and CEOSantana Rafael
$16.4M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If WAB beats expectations, history suggests a stock increase of around 1.6%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong conviction.

Miss

A miss on EPS could lead to a decline of about 9.06%, indicating significant investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House only

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in rail technology.
2Insights into international market expansion efforts.
3Details on cost management strategies and their impact on margins.
4Guidance on revenue expectations for the next quarter.
5Management's outlook on industry trends and demand.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge how well WAB is managing costs and generating revenue.

Expected to be around $2.71.

Revenue Growth

Revenue growth is vital for understanding the overall health of the business and its ability to capture market share in the industrial sector.

Not available.

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

WAB Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+4.88%

Avg Stock Reaction

-1.84%

Last Quarter Recap

In Q1 2026, WAB reported an EPS of $2.71, exceeding expectations by 6.15%. The stock reacted positively, gaining 1.51% the following day.

Management Promises & Guidance

Continued focus on innovation in rail technologies.
Commitment to improving operational efficiencies.
Plans to expand market presence in international markets.

Expectations

Wall Street Expectations

Bull Case

If WAB can deliver strong EPS and show solid revenue growth, it could signal robust demand for its products, leading to a significant stock price increase.

Bear Case

Conversely, if the company misses on EPS or fails to provide clear revenue guidance, it could lead to a sharp decline in stock price, reflecting investor disappointment.

Key Metrics to Watch

Earnings Per Share (EPS)

Expected to be around $2.71.

EPS is a key indicator of the company's profitability and will help gauge how well WAB is managing costs and generating revenue.

Revenue Growth

Not available.

Revenue growth is vital for understanding the overall health of the business and its ability to capture market share in the industrial sector.

Operating Margin

Not available.

Operating margin will provide insights into the company's efficiency and cost management, which are critical in the competitive industrial landscape.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will WAB achieve an EPS of $2.71 or higher?

A strong EPS could reinforce investor confidence and support a positive stock reaction.

What are the revenue growth expectations for the upcoming quarters?

Clear guidance on revenue growth will be critical for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating WAB's ability to leverage its recent innovations in rail technology, which could drive higher-than-expected demand.

Supporting Evidence

WAB has consistently beaten EPS estimates, suggesting stronger operational performance.

The options market is pricing a smaller move than historical averages, indicating potential for a larger surprise.

Insider selling may suggest confidence in the company's future performance despite the recent transactions.

Key Risk

If WAB can demonstrate significant revenue growth, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on WAB's ability to meet or exceed EPS expectations and provide clarity on revenue growth.

Bull Confirmed If

Delivering an EPS of $2.71 or better while showing positive revenue growth.

Bear Confirmed If

An EPS below $2.55 or lack of clear revenue guidance.

Pre-Earnings Positioning

Options Market

Implied Move

±2.17%

Historical Avg

±4.5%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are expecting a relatively stable reaction to the earnings report.

Options are pricing ±2.2% while WAB has averaged ±4.5% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

26.5%

Calls (2K)P/C Ratio: 0.20Puts (1K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$16.4M

60,852 sh

1 insider

Net

$16.4M

Net selling

Most Active Insiders· 4 open-market trades

President and CEOSantana Rafael
$16.4M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If WAB beats expectations, history suggests a stock increase of around 1.6%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react moderately, reflecting cautious optimism without strong conviction.

Miss

A miss on EPS could lead to a decline of about 9.06%, indicating significant investor disappointment.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House only

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

D-MDApril McClain DelaneyRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches in rail technology.
2Insights into international market expansion efforts.
3Details on cost management strategies and their impact on margins.
4Guidance on revenue expectations for the next quarter.
5Management's outlook on industry trends and demand.