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 the transportation industry, providing products and services that enhance safety and efficiency in rail and transit systems.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and increase sales, which is vital for long-term success.

N/A

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 the last quarter, 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

Expectations

Wall Street Expectations

Overall, expectations for WAB's upcoming earnings are mixed, with no analyst estimates available. Investors are looking for signs of continued profitability and revenue growth.

Bull Case

If WAB can maintain or exceed its previous EPS surprises, it could signal strong operational performance and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations, it may raise concerns about its growth trajectory and market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from past performance could impact investor sentiment.

How is revenue growth trending compared to previous quarters?

Understanding revenue trends will provide insight into the company's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate WAB's ability to leverage recent operational efficiencies, which could lead to better-than-expected earnings.

Supporting Evidence

WAB has consistently beaten EPS estimates in the past, with an 88% beat rate.

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

Key Risk

If EPS comes in above $2.80, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating WAB's ability to sustain its recent earnings momentum amidst broader economic conditions.

Bull Confirmed If

An EPS of $2.80 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $2.50 would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±2.17%

Historical Avg

±4.5%

Pricing cheap

The options market is pricing a modest move in either direction, suggesting uncertainty ahead of 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 potential stock increase of around 1.87%, confirming strong operational performance.

In-Line / Cautious

An inline result may lead to a muted reaction, as management's commentary could drive the stock's direction.

Miss

If the company misses expectations, history indicates a potential decline of approximately 9.06%, raising concerns about future growth.

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 contracts or projects that could drive revenue growth.
2Management's commentary on cost management and operational efficiencies.
3Insights into market demand for transportation equipment.
4Updates on supply chain challenges and how they are being addressed.
5Any guidance on future earnings expectations or market conditions.

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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 financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and increase sales, which is vital for long-term success.

N/A

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 the last quarter, 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

Expectations

Wall Street Expectations

Overall, expectations for WAB's upcoming earnings are mixed, with no analyst estimates available. Investors are looking for signs of continued profitability and revenue growth.

Bull Case

If WAB can maintain or exceed its previous EPS surprises, it could signal strong operational performance and investor confidence.

Bear Case

Conversely, if the company fails to meet expectations, it may raise concerns about its growth trajectory and market position.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from past performance could impact investor sentiment.

How is revenue growth trending compared to previous quarters?

Understanding revenue trends will provide insight into the company's market position and future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate WAB's ability to leverage recent operational efficiencies, which could lead to better-than-expected earnings.

Supporting Evidence

WAB has consistently beaten EPS estimates in the past, with an 88% beat rate.

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

Key Risk

If EPS comes in above $2.80, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating WAB's ability to sustain its recent earnings momentum amidst broader economic conditions.

Bull Confirmed If

An EPS of $2.80 or higher would confirm strong operational performance.

Bear Confirmed If

An EPS below $2.50 would raise concerns about the company's growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±2.17%

Historical Avg

±4.5%

Pricing cheap

The options market is pricing a modest move in either direction, suggesting uncertainty ahead of 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 potential stock increase of around 1.87%, confirming strong operational performance.

In-Line / Cautious

An inline result may lead to a muted reaction, as management's commentary could drive the stock's direction.

Miss

If the company misses expectations, history indicates a potential decline of approximately 9.06%, raising concerns about future growth.

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 contracts or projects that could drive revenue growth.
2Management's commentary on cost management and operational efficiencies.
3Insights into market demand for transportation equipment.
4Updates on supply chain challenges and how they are being addressed.
5Any guidance on future earnings expectations or market conditions.