Westinghouse Air Brake: Q1 Earnings Insights - Westinghouse Air Brake (NYSE:WAB)

Westinghouse Air Brake WAB reported its Q1 earnings results on Wednesday, April 27, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Westinghouse Air Brake beat estimated earnings by 0.89%, reporting an EPS of $1.13 versus an estimate of $1.12.

Revenue was up $97.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 0.55% increase in the share price the next day.

Here's a look at Westinghouse Air Brake's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.17	1.12	0.96	0.86
EPS Actual	1.18	1.14	1.06	0.89
Revenue Estimate	2.18B	2.08B	1.87B	1.85B
Revenue Actual	2.07B	1.91B	2.01B	1.83B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Westinghouse Air Brake management provided guidance for FY 2022, expecting earnings between $4.65 and $5.05 per share.

To track all earnings releases for Westinghouse Air Brake visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.