Wabtec slips as Q3 revenue miss overshadows higher profit forecast

Westinghouse Air Brake Technologies

21/10/2026 12:28

** Wabtec WAB.N shares fall more than 3% to $272.99 after Q3 results
** The rail equipment supplier's Q3 rev of $3.12 bln misses est $3.20 bln, as per LSEG data
** Co raises its FY adjusted EPS forecast to $10.85 - $11.05 from $10.60 - $10.90
** Co reaffirms its FY revenue outlook of $12.30 bln to $12.60 bln
** Q3 adjusted profit per share of $2.83 beats est $2.74 per share
** Co's total backlog at end-Sept rises 22.9% to $31.44 bln from $25.58 bln a year earlier
** 10 of 14 brokerages rate stock "buy" or above, 4 "hold"; median PT: $338 - data compiled by LSEG
** As of last close, stock has risen ~33% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))