Westinghouse Air Brake 주식 (NYSE: WAB)

에 대한 최신 뉴스 Westinghouse Air Brake (NYSE:WAB) 주식

Westinghouse Air Brake

Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.

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본격적인 어닝시즌을 맞아 이들 대형주는 지난주 최고의 성과를 냈다. 그것들이 당신의 포트폴리오에 있나요? 버티브 홀딩스(NYSE:VRT)는 예상보다 나은 1분기 실적을 발표하고 2024년도 가이던스를 상향 조정한 후 23.3% 증가했다. 몇몇 분석가들은 전망을 높였다.

지난주 최고 수익 주식: 이 15개의 대형주가 포트폴리오에 있나요? (4월 21일-27일)

Westinghouse Air Brake Technologies Corporation Common Stock

Westinghouse Air Brake Technologies Corp

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Wabash National Corp

Westinghouse Air Brake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) short percent of float has fallen 8.9% since its last report. The company recently reported that it has 2.67 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Westinghouse Air Brake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727787615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Westinghouse Air Brake has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Westinghouse Air Brake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Westinghouse Air Brake's peer group average for short interest as a percentage of float is 5.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Westinghouse Air Brake's Recent Short Interest

United Airlines (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) is benefiting from upbeat air travel demand. UAL&#39;s proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company&#39;s prospects.
<h3>Factors Favoring UAL</h3>
United Airlines&#39; commitment to sustainability is commendable. The airline aims to achieve net-zero greenhouse gas emissions by 2050 and has purchased more sustainable fuel than any other U.S. airline in 2023.
In September, UAL and the San Francisco 49ers (American football team) announced that the team has become the first in the National Football League to purchase sustainable aviation fuel (SAF). An alternative to conventional jet fuel, SAF can bring down greenhouse gas emissions by up to 85% over its entire lifecycle, from production to end-use.
UAL&#39;s top line is benefiting from buoyant air travel demand. In the second quarter of 2024, United Airlines saw a 5.5% increase in Revenue Passenger Miles and an 8.3% rise in capacity, measured by Available Seat Miles. The company anticipates this positive trend will continue, with management projecting third-quarter earnings per share in the range of $2.75-$3.25. For the full year, UAL expects EPS to fall between $9 and $11.
United Airlines&#39; proactive efforts to enhance its connectivity and meet the growing demand for travel is encouraging. The airline introduced 12 new domestic routes connecting major cities across the United States and Canada. It announced nearly 200 new flights to Milwaukee and Chicago. This expansion not only benefits travelers but also strengthens United Airlines&#39; position in the competitive aviation market.
Shares of UAL have rallied 20.5% in the past year compared with its&nbsp;<a href="https://www.zacks.com/stocks/industry-rank/industry/transportation-airline-187">industry</a>&#39;s growth of 17.4% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/16/79653.jpg?v=315210470" style="height:314px; width:624px" /> 
Image Source: Zacks Investment Research
<h3>UAL: Key Risks To Watch</h3>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, driven by increased labor costs and fuel expenses. In the second quarter of 2024, operating expenses surged by 3.1% year over year.
Labor costs, comprising salaries and benefits, which represent 31.4% of total operating costs, increased by 10.5% year over year. Aircraft fuel expenses rose by 11.1% year over year, pushing up the total operating costs.
United Airlines exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.77. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
<h3>Zacks Rank</h3>
UAL currently carries a Zacks Rank #3 (Hold).
<h3>Stocks&nbsp;To Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks <a href="https://www.zacks.com/stocks/industry-rank/sector/transportation-15">Transportation</a> sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see&nbsp;<a href="https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&amp;ICID=zpi%20_1link">the complete list of today&#39;s Zacks #1 Rank stocks here</a>. &nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 26.5% in the past year. 
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 73.2% in the past year.
<a href="https://www.zacks.com/stock/news/2343259/here-s-why-investors-should-retain-united-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2343259">To read this article on Zacks.com click here.</a>

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Live On CNBC, Jim Lebenthal Announces Bought Westinghouse Air Brake Technologies

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Indian Railways-Wabtec JV's Marhowra Plant To Begin Exporting Evolution Series Locomotives To Africa By 2025

Westinghouse Air Brake Technologies Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), operating as Wabtec Corporation, top line is bolstered by its robust segmental performance. The shareholder-friendly approach bodes well for the company. Due to the tailwinds, WAB shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it&#39;s time to do so.
Let&#39;s delve deeper.
<h2>Factors Favoring WAB Stock</h2>
Robust Price Performance:&nbsp;A look at the company&#39;s price trend reveals that its shares have surged 66.8% over the past year, surpassing the&nbsp;industry&#39;s 47.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/65/78826.jpg?v=1134675" />
Image Source: Zacks Investment Research
Northward Estimate Revisions: The Zacks Consensus Estimate for earnings per share has been revised upward by 5.1% over the past 60 days for the current quarter. For the current year, the consensus mark for earnings per share has moved 1.6% north in the same time frame. The favorable estimate revisions indicate brokers&#39; confidence in the stock.
Solid Zacks Rank: WAB currently carries a Zacks Rank #2 (Buy).
Positive Earnings Surprise History: Wabtec has an encouraging earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.8%.
Bullish Industry Rank: The industry to which Wabtec belongs currently has a Zacks Industry Rank of 63 (out of 251). Such a favorable rank places it in the top 25% of Zacks industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
Growth Drivers: Wabtec is benefiting from the robust performance of its Freight and Transit segments, boosting its top line. The Freight segment is benefiting from growth in services and components, while the Transit segment is seeing strong aftermarket and original equipment manufacturing sales.
The company&#39;s commitment to rewarding its shareholders through dividends is commendable. In the second quarter of 2024, WAB paid out a dividend of 20 cents to its shareholders.
WAB expects to continue its strong performance due to solid underlying demand and a robust backlog. With this positive outlook, management has updated its current-year revenue and earnings per share guidance. Wabtec raised its 2024 adjusted EPS forecast to a range of $7.20-$7.50, up from the previous range of $7.00-$7.40. The Zacks Consensus Estimate for 2024 earnings is currently pegged at $7.46.
Meanwhile, Wabtec kept its revenue guidance unchanged, maintaining a range of $10.25-$10.55 billion. The Zacks Consensus Estimate for 2024 revenues is currently pegged at $10.39 billion, just below the midpoint of the guided range.
<h2>Other Stocks to Consider </h2>
Investors interested in the Zacks Transportation sector may also consider C.H. Robinson Worldwide&nbsp;and Air Transport Service Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atsg#NASDAQ">ATSG</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 39.2% in the past six months.
ATSG carries a Zacks Rank #2 at present and has an expected earnings growth rate of 12% for the current year.
The company has a mixed track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average miss is 7.7%. Shares of ATSG have climbed 18.9% in the past six months.
<a href="https://www.zacks.com/stock/news/2339962/here-s-why-you-should-add-wabtec-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2339962">To read this article on Zacks.com click here.</a>

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Here's Why You Should Add Wabtec Stock to Your Portfolio Now

Werner Enterprises&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wern#NASDAQ">WERN</a>) top line is grappling with a freight market downturn, hurting the company&#39;s prospects. Elevated operating expenses are challenging the company&#39;s financial stability. Escalated labor and fuel costs are hurting WERN&#39;s bottom line, making it an unattractive choice for investors&#39; portfolios.
Let&#39;s delve deeper.
<h2>WERN: Risks to Watch</h2>
Southward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 33.3% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 26% south in the same time frame. The unfavorable estimate revisions indicate brokers&#39; lack of confidence in the stock.
Weak Zacks Rank: Werner Enterprises currently carries a Zacks Rank #5 (Strong Sell).
Unimpressive Price Performance: WERN shares have declined 7% in the past year against the industry&#39;s 0.2% rise.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78379.jpg?v=444018168" />
Image Source: Zacks Investment Research
Bearish Industry Rank: The industry to which Werner Enterprises belongs currently has a Zacks Industry Rank of 222 (out of 251). Such an unfavorable rank places it in the bottom 11% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.
A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry&#39;s performance becomes imperative.
High Costs:&nbsp; High operating expenses are hurting WERN&#39;sbottom line, challenging its financial stability. The surge in operating expenses was caused by increased labor and fuel costs. In the second quarter of 2024, labor costs, comprising salaries and benefits, accounting for 35.1% of the total operating expenses, amounted to $741.2 million. Fuel costs totaled $72 million.
The freight market downturn does not bode well for the company&#39;s prospects. As a result, the top line fell by 6% year over year.
The persistent driver crisis in the trucking industry is worsening supply-chain challenges across the United States. Driver scarcity issues limit trucking capacity, making it difficult for trucking companies like WERN. American Trucking Associations&#39; chief economist, Bob Costello, expects the trucking industry to be short of more than&nbsp;160,000 drivers by 2030.
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 14.2% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 61% in the past year.
<a href="https://www.zacks.com/stock/news/2338348/here-s-why-investors-should-give-wern-stock-a-miss-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2338348">To read this article on Zacks.com click here.</a>

Mid Cap

WERN

Here's Why Investors Should Give WERN Stock a Miss Now

Shares of Pittsburgh, PA-based company Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), have been benefiting from its consistent shareholder-friendly initiatives, as well as strength across its Freight and Transit segments. Bullish full-year 2024 earnings guidance looks encouraging and raises optimism about the stock.
The positive sentiment surrounding WAB stock is evident from the fact that the Zacks Consensus Estimate for the third quarter and full-year 2024 earnings has been revised upward in the past 60 days. The Zacks Consensus Estimate for third-quarter and full-year 2024 earnings per share&nbsp;indicates growth of 9.4% and 26% from the respective 2023 figures.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f1/78187.jpg?v=353666507" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
The company&#39;s long-term (three-to-five years) earnings growth rate is 16.1%, higher than its industry&#39;s 13.4%.
Let&#39;s delve deeper.
<h2>Solid Financial Returns for Shareholders</h2>
Highlighting its pro-investor stance, Wabtec (on Feb. 14, 2024) announced a 17.6% dividend increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. This quarterly dividend of 20 cents (80 cents annualized) per share gives Wabtec a 0.47% yield at the current stock price. This company&#39;s payout ratio is 11%, with a five-year dividend growth rate of 12.34%.
<div class="chart_embed">
<h3>Westinghouse Air Brake Technologies Corporation Dividend Yield</h3>
<img alt="screenshot_2024-09-18_145724.jpg" src="https://www.benzinga.com/files/u1593113/screenshot_2024-09-18_145724.jpg" style="height:306px; width:620px" />
Westinghouse Air Brake Technologies Corporation dividend-yield-ttm | Westinghouse Air Brake Technologies Corporation Quote
Wabtec&#39;s bottom line has been benefiting from its consistent efforts to reward its shareholders through dividends and share buybacks. In 2022, WAB paid dividends of $111 million and repurchased shares worth $473 million. In 2023, WAB paid dividends of $123 million and repurchased shares worth $409 million. During the first six months of 2024, WAB paid dividends of $71 million and repurchased shares worth $375 million. Such shareholder-friendly moves instill investors&#39; confidence and positively impact the company&#39;s bottom line.
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Dividend-paying stocks provide a solid income stream and have fewer chances of experiencing wild price swings. Dividend stocks, like WAB, are safe bets for creating wealth, as the payouts generally act as a hedge against economic uncertainty like the current scenario.
<h2>Segmental Strength Boosts WAB&#39;s Top Line</h2>
Wabtec&#39;s top line has been benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales.
WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog.The ongoing summer season is expected to provide a further boost to revenues. The Zacks Consensus Estimate for WAB&#39;s third-quarter and fourth-quarter 2024 revenues is pegged at $2.64 billion and $2.61 billion, which indicates an improvement of 3.6% and 3.2% from 2023&#39;s actuals, respectively.
Driven by this encouraging backdrop, management raised its current-year EPS guidance. Wabtec raised 2024 EPS guidance to the range of $7.20-$7.50 from $7.00-$7.40 guided previously. The Zacks Consensus Estimate of $7.46 lies within the updated guided range.
Wabtec&#39;s full-year revenue guidance remains unchanged in the $10.25 billion-$10.55 billion band. The Zacks Consensus Estimate of $10.39 billion lies within the guided range.
<h2>WAB&#39;s Price Performance Soars High</h2>
Wabtec has an impressive earnings surprise history. The company&#39;s earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. Driven by this upbeat earnings performance and the positives mentioned above, WAB shares have gained 37.2% so far this year, outperforming its industry as well as the S&amp;P 500, of which the company is a key member.
Additionally, WAB&#39;s price performance so far this year compares favorably with that of other industry players like Ryder Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) and Air Lease Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/al#NYSE">AL</a>).
<h2>YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/74/78188.jpg?v=895383158" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Some Other Tailwinds Working in Favor of WAB Stock</h2>
We are impressed with WAB&#39;s healthy balance sheet. The company&#39;s cash and equivalents increased to $595 million at the end of second-quarter 2024 from $371 million at the end of second-quarter 2023. Meanwhile, the long-term debt level has decreased to $3.5 billion at the end of second-quarter 2024 from $3.4 billion in the second quarter of 2023.
<h2>Long-Term Debt to Capitalization</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/07/78186.jpg?v=673179907" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Wrapping Up</h2>
Given the positives surrounding the WAB stock, as highlighted throughout the write-up, we believe that investors should add WAB stock to their portfolio for healthy returns. The Zacks Rank #2 (Buy) carried by the stock supports our thesis.
<a href="https://www.zacks.com/stock/news/2337744/wabtec-s-eps-estimates-northbound-time-to-buy-wab-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2337744">To read this article on Zacks.com click here.</a>

Buybacks

Wabtec's EPS Estimates Northbound: Time to Buy WAB Stock?

American Airlines&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) efforts to expand and enhance its global network are commendable. The company&#39;s proactive initiative to create 500 new aviation jobs is serving well for the company and the economy. However, AAL has been grappling with soft market conditions and increased operating costs.
<h2>Factors Favoring AAL</h2>
American Airlines&#39; initiative to create nearly 500 new aviation maintenance jobs and expand heavy check maintenance work at its bases in Charlotte, NC; Pittsburgh, PA, and Tulsa, OK, represents a significant boost to both the company and the local economies. The addition of more than 385 licensed aviation maintenance technician positions highlights the airline&#39;s commitment to enhancing its maintenance capabilities and infrastructure. This expansion will not only strengthen AAL&#39;s maintenance operations but also contribute to job growth in these regions, offering high-paying, skilled positions.
The company&#39;s efforts to expand its network are encouraging. In August 2024, American Airlines announced five new routes to Europe, including nonstop flights to Edinburgh, Scotland, for the first time since 2019. This expansion underscores AAL&#39;s commitment to growing its extensive global network, providing customers with more diverse travel options and unique connections.
<h2>American Airlines: Risks to Watch</h2>
The northward movement in operating expenses is hurting AAL&#39;s bottom line, challenging its financial stability. The surge in operating expenses was caused by a rise in fuel and labor costs. In the second quarter of 2024, total operating expenses rose by 9% compared to the second-quarter 2023 actuals.
Labor costs, accounting for 30.5% of the total operating expenses, rose 8.8% year over year, whereas fuel expenses jumped by 12.4% year over year.
Soft economic conditions continue to adversely impact AAL&#39;s prospects. The company&#39;s high level of debt limits its financial flexibility.
Shares of American Airlines have declined 18% year over year against its industry&#39;s 25.4% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/77730.jpg?v=701390163" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank </h2>
AAL currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 10.6% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has a discouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 55.3% in the past year.
<a href="https://www.zacks.com/stock/news/2335974/here-s-why-investors-should-retain-american-airlines-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2335974">To read this article on Zacks.com click here.</a>

Earnings Beats

Here's Why Investors Should Retain American Airlines Stock Now

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Shares of companies in the broader industrial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Canadian National&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cni#NYSE">CNI</a>) top line is bolstered by its strong segmental performance. The company&#39;s efforts to expand and upgrade its fleet are praiseworthy. However, rising operating expenses and weak liquidity are hurting the company&#39;s bottom line.
<h2>Factors Favoring CNI</h2>
Canadian National&#39;s top line is benefiting from robust segmental performance. The increase in volumes across its segments, such as intermodal, grain, fertilizer, petroleum and chemicals, highlights CNI&#39;s effective network management and ability to attract and retain significant business. In the second quarter of 2024, overall RTMs (revenue ton miles) grew by 13% year over year. This increase in RTMs was primarily driven by a 19% rise in the international intermodal segment and a 12% rise in Petroleum and Chemical.
CNI&#39;s proactive efforts to expand its fleet are commendable. The 2024-2025 Grain Plan reflects the company&#39;s commitment to enhancing its operational capabilities and delivering on its promise to efficiently transport the Canadian grain crop. One of the key highlights of the Grain Plan is the delivery of 750 new high-efficiency grain hopper cars, a continued focus on scheduled railroading, deployment of new firefighting equipment to help protect the supply chain and the use of new technologies to improve safety.
The company&#39;s efforts to reward its shareholders through dividends are encouraging. In the second quarter of 2024, CNI declared a quarterly dividend of C$0.8450 per share. As of March 31, 2024, the company repurchased 3.5 million common shares for $597 million under its current Normal Course Issuer Bid. Canadian National intends to repurchase up to 32 million common shares between Feb. 1, 2024 and Jan. 31, 2025 under its current NCIB.
<h2>Key Risks Faced by CNI</h2>
The northward movement in operating expenses is adversely impacting CNI&#39;sbottom line. In the second quarter of 2024, total operating expenses increased by 12.8% year over year. This surge in operating expenses was primarily driven by the increase in labor costs.In the first quarter of 2024, labor costs, comprising salaries and benefits (accounting for 30.7% of the total operating expenses), rose by 13.8% year over year.&nbsp;
Fuel costs, comprising 19.7% of the total operating expenses, jumped by 12.6% year over year.
The company&#39;s liquidity position is also a concern. Canadian National exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.63. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations.
Shares of CNI have declined 6.6% year to date compared to its industry&#39;s growth of 0.5% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4b/75903.jpg?v=92952899" />
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
CNI Currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 9.9% in the past year.
WAB holds a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 46.2% in the past year.
<a href="https://www.zacks.com/stock/news/2329000/here-s-why-you-should-retain-canadian-national-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2329000">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Canadian National Stock for Now

Westinghouse Air Brake's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) short percent of float has risen 4.31% since its last report. The company recently reported that it has 1.86 million shares sold short, which is 1.21% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Westinghouse Air Brake Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724957116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Westinghouse Air Brake has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Westinghouse Air Brake's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Westinghouse Air Brake's peer group average for short interest as a percentage of float is 5.28%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Westinghouse Air Brake Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>), or Wabtec, shares have rallied 29.9% on a year-to-date basis compared with the industry&#39;s 5.9% decline. The S&amp;P 500 composite index rose 17.9% in the same time frame, while the Zacks&nbsp;Transportation&nbsp;sector gained 1.8%. The U.S.-based company currently has a market capitalization of $28.95 billion.
Wabtec, presently sporting a Zacks Rank #1 (Strong Buy), boasts an impressive track record of beating estimates in each of the trailing four quarters, the average surprise being 11.8%.
<h3>YTD Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/75728.jpg?v=229226767" />
Image Source: Zacks Investment Research
<h2>Can WAB Retain the Momentum?</h2>
The Zacks Consensus Estimate for WAB&#39;s 2024 earnings is pegged at $1.86 per share, which indicates an improvement of 9.4% from 2023&#39;s actuals. The same for revenues stands at $2.64 billion, which implies a 3.7% increase from the prior year&#39;s actual.
The consensus mark for 2025 earnings is pegged at $8.30 per share, which indicates 11.3% growth from 2024 estimates. The same for revenues is pegged at $10.82 billion, which indicates a rise of 4.2% from 2024 estimates. Wabtec&#39;s top line is benefiting from higher sales across its Freight and Transit segments. While the Freight segment benefits from growth in services and components, the Transit segment gains from strong aftermarket and original equipment manufacturing sales.
Wabtec posted a significant year-over-year increase (9.85%) in revenues for 2023. The surge in the top line was driven by a 13% rise in Freight revenues (accounting for 72.6% of the top line). The ongoing summer season is expected to provide a further boost to revenues.
WAB&#39;s liquidity position is encouraging. The airline ended the second quarter of 2024 with cash and cash equivalents of $595 million, much higher than the current debt level of $503 million. This implies that the company has sufficient cash to meet its current debt obligations. Wabtec&#39;s times interest earned ratio of 7.4 compares favorably with the industry&#39;s ratio of 3.2.
With WAB&#39;s health tied to the economy, we believe that the company will remain in good shape going forward as the economy has normalized after the pandemic. Sales should continue improving, given the uptick in the trading scenario.
Despite the abovementioned upsides, one must be mindful of high fuel and labor costs, which pose major challenges for WAB.
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and ZIM Integrated Shipping Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1. CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 9.8% in the past year.
ZIM also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 257.2% for the current year.
Shares of ZIM have climbed 63.8% in the past year.
<a href="https://www.zacks.com/stock/news/2328396/wabtec-rises-29-9-ytd-more-upside-ahead-for-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2328396">To read this article on Zacks.com click here.</a>

Wabtec Rises 29.9% YTD: More Upside Ahead for the Stock?

Wabtec Corporation Announces $277M Order For Evolution Series Locomotives From SimFer Joint Venture; Locomotives To Service Simandou Iron Ore Project In Guinea

Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) shares are trading lower after the company reported <a href="https://www.benzinga.com/pressreleases/24/07/b39926913/wabtec-reports-second-quarter-2024-results-raised-and-tightened-adjusted-eps-guidance" target="_blank" rel="noreferrer noopener">second-quarter FY24 results</a>.
Sales growth&nbsp;of&nbsp;9.8%&nbsp;Y/Y to&nbsp;$2.644 billion,&nbsp;marginally beating the consensus of&nbsp;$2.643 billion.
Sales growth&nbsp;was driven&nbsp;by higher sales in Freight (+13.1%&nbsp;Y/Y) and Transit (+2.0%&nbsp;Y/Y) segments.
The adjusted gross margin expanded 290 basis points to&nbsp;33.3%, and the adjusted operating margin was 19.3%, up 290 basis points.&nbsp;
At the end of the quarter, the total backlog stood at $22.08 billion, down 1.6% Y/Y. Adjusted EPS of $1.96 (+39.0% Y/Y) <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">topped the consensus of $1.88.</a>
During the quarter, the company returned&nbsp;$235 million&nbsp;to shareholders via share repurchases and dividends.&nbsp;
Operating cash flow was&nbsp;$235 million&nbsp;versus&nbsp;$115 million a year ago. Wabtec held cash, cash equivalents and restricted cash of $595 million and total debt of $4.00 billion&nbsp;at the end of the quarter.&nbsp;
Rafael Santana, Wabtec&#8217;s President and CEO said, &#8220;Demand on our end markets continues to be strong and we have significant opportunities for further growth given the quality of our products and the productivity and reliability that we provide for our customers.&#8221;
FY24&nbsp;Guidance: Wabtec raised the adjusted EPS&nbsp;outlook&nbsp;to&nbsp;$7.20&nbsp;to&nbsp;$7.50 (<a target="_blank" href="https://www.benzinga.com//node/38403160" rel="noreferrer noopener">from $7-$7.40 earlier</a>)&nbsp;versus the consensus of&nbsp;$7.39.
The company reiterated sales of&nbsp;$10.25 billion-$10.55 billion&nbsp;versus a consensus of&nbsp;$10.375 billion.
Dividend: On July 18, the Board of Directors declared a regular quarterly dividend per share of $0.20, payable on August 28, 2024, to holders of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39849104/wabtec-declares-regular-quarterly-common-dividend" rel="noreferrer noopener">record as of August 14, 2024</a>.
Investors can gain exposure to the stock via&nbsp;Janus Henderson U.S. Sustainable Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSPX#NYSE">SSPX</a>) and IShares Environmental Infrastructure And Industrials ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFRA#NASDAQ">EFRA</a>).
Price Action: WAB shares are down 4.46% at $160.61 at the last check Wednesday.

Equities

EFRA

SSPX

Wabtec Reports Solid Gains In Freight And Transit, Raises EPS Outlook Despite Slight Backlog Decline

Wabtec Revised FY24 Guidance For Adjusted EPS To $7.20 to $7.50 (Prior $7-$7.40 ) Vs. $7.39 Consensus, Reaffirmed Sales Outlook Of $10.25B-$10.55B Vs. $10.375B Consensus

Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.88 by 4.26 percent. The company reported quarterly sales of $2.644 billion which beat the analyst consensus estimate of $2.643 billion by 0.05 percent. This is a 9.85 percent increase over sales of $2.407 billion the same period last year.

Westinghouse Air Brake Q2 2024 Adj EPS $1.96 Beats $1.88 Estimate, Sales $2.644B Beat $2.643B Estimate

In the latest quarter, 6 analysts provided ratings for Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $177.83, along with a high estimate of $190.00 and a low estimate of $147.00. Surpassing the previous average price target of $158.83, the current average has increased by 11.96%.
<img src="https://www.benzinga.com/files/images/story/2024/1721671256_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Westinghouse Air Brake by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$184.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$181.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Matt Elkott</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$147.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Justin Long</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$190.00</td>
<td>$160.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Westinghouse Air Brake. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Westinghouse Air Brake compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Westinghouse Air Brake's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WAB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westinghouse Air Brake analyst ratings.</a>
<h2>About Westinghouse Air Brake</h2>
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the freight rail and passenger transit industries, and the mining, marine, and industrial markets. It provides its products and services through two main business segments, Freight and Transit. The company generates maximum revenue from the Freight segment which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives; provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products including electronics, positive train control equipment, signal design and engineering services. Geographically, it generates a majority of its revenue from the United States.
<h3>Westinghouse Air Brake: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Westinghouse Air Brake showcased positive performance, achieving a revenue growth rate of 13.81% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Westinghouse Air Brake's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Westinghouse Air Brake's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.44%, the company showcases effective utilization of assets.
Debt Management: Westinghouse Air Brake's debt-to-equity ratio is below the industry average. With a ratio of 0.38, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

6 Analysts Assess Westinghouse Air Brake: What You Need To Know

B of A Securities analyst Ken Hoexter maintains Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) with a Buy and raises the price target from $183 to $184.

Price Target

B of A Securities Maintains Buy on Westinghouse Air Brake, Raises Price Target to $184

Walgreens <a href="https://www.benzinga.com/news/earnings/24/06/39523397/us-retail-pharma-giant-walgreens-boots-alliance-q3-earnings-and-annual-outlook-disappoints-stock-si">expects to close</a> a &#8220;significant&#8221; number of stores in the face of &#8220;headwinds,&#8221; but the pharmacy chain has not specified how many retail locations it plans to shutter.
Parent company Walgreen Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) announced the plan to close an undisclosed number of its roughly 8,700 stores on Thursday when it released earnings for this year&#8217;s third quarter.
The Deerfield, Illinois-based retailer said it was &#8220;finalizing [a] significant multiyear footprint optimization program to close certain underperforming U.S. stores&#8221; as part of an update to a strategic review outlined in its earnings release.
Walgreens did not make further mention of the planned closures in the release, but CEO Tim Wentworth acknowledged that the company was dealing with challenges.
Also read: <a href="https://www.benzinga.com/insights/options/24/06/39512293/walgreens-boots-alliance-unusual-options-activity">Walgreens Boots Alliance Unusual Options Activity</a>
&#8220;We continue to face a difficult operating environment, including persistent pressures on the&nbsp;U.S.&nbsp;consumer and the impact of recent marketplace dynamics which have eroded pharmacy margins,&#8221; he said in a statement.
&#8220;Our results and outlook reflect these headwinds, despite solid performance in both our International and&nbsp;U.S. Healthcare&nbsp;segments.&#8221;
He also said that Walgreens is focused on its core business retail pharmacy as it strives for a business turnaround.
&#8220;We are addressing critical issues with urgency and working to unlock opportunities for growth,&#8221; he said.
Walgreens posted $344 million in net profit for the third quarter, up from a $118 million profit posted during the same period last year.
Rite Aid Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RADCQ#OTC">RADCQ</a>) is also facing difficulties as it goes through bankruptcy proceedings. The pharmacy chain will ask a U.S. bankruptcy court to approve a restructuring plan on Thursday aimed at reducing $2 billion in debt and transferring control of the company to a group of its lenders, Reuters reported.
Price Action: Walgreen&#8217;s shares were down 25% to $11.73 at the time of publication Thursday.
Read Next:
<ul>
<li> <a href="https://www.benzinga.com/news/24/06/39480701/judge-rules-against-medimpact-in-200m-rite-aid-debt-dispute">Judge R</a><a href="https://www.benzinga.com/news/24/06/39480701/judge-rules-against-medimpact-in-200m-rite-aid-debt-dispute">ules Against MedImpact In $200M Rite Aid Debt Dispute</a></li>
</ul>
Photo: refrina/Shutterstock.com

Health Care

Retail Sales

RADCQ

Walgreens Plans 'Significant' Store Closures As It Faces 'Difficult Operating Environment'

Westinghouse Air Brake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) has outperformed the market over the past 5 years by 5.26% on an annualized basis producing an average annual return of 18.73%. Currently, Westinghouse Air Brake has a market capitalization of $28.50 billion. 
Buying $100 In WAB: If an investor had bought $100 of WAB stock 5 years ago, it would be worth $237.23 today based on a price of $161.60 for WAB at the time of writing.
<h3>Westinghouse Air Brake's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718917255_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Tracking Stanley Druckenmiller's Duquesne Family Office Portfolio - Q2 2024 Update

Two weeks ago we turned to a more bullish stance, which has proved to be correct, though we still await the explosive movement out of these consolidations.

Patchy But Still Bullish

The prospects of the transportation market appear robust with the upcoming holiday season, infrastructure developments, rising consumer spending and improving supply chains. Thus, investing in fundamentally sound transportation stocks FedEx (FDX), Westinghouse Air Brake Technologies (WAB), and ArcBest (ARCB) could be wise. Read more... The transportation and freight market is experiencing significant growth owing to the increasing reliance on e-commerce and global trade, advancements in technology, and supportive government initiatives, and the normalizing supply chains.
Given the industry tailwinds, it could be wise to invest in fundamentally sound transportation stocks FedEx Corporation (<a href="https://stocknews.com/stock/FDX/">FDX</a>), Westinghouse Air Brake Technologies Corporation (<a href="https://stocknews.com/stock/WAB/">WAB</a>), and ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>) as supply chain prospers again.
Currently, in the U.S., the transportation market growth is influenced by robust private consumption, supporting the shipping of durable and non-durable consumer goods demand. Also, continuous <a href="https://atradius.in/reports/transportation-and-logistics-industry-trends-july-2024.html#:~:text=USA%3A%20Robust%20private%20consumption%20drives,and%20by%202.0%25%20in%202025.">government initiatives to improve infrastructure</a> will likely promote greater supply chain efficiency and reduce costs benefiting the market.
Further, the market looks promising with the festival and holiday season ahead and anticipation of peak spending. <a href="https://www.statista.com/outlook/io/transportation/united-states#:~:text=Value%20added%20in%20the%20Transportation,7.19tn%20TKM%20in%202024.">Value added in the transportation market</a> is expected to be $690 billion in 2024, and the volume of goods transported is projected to amount to 7.19 trillion TKM.
Further, with favorable factors like urbanization, a growing population, rising demand for online shopping through e-commerce platforms, and improving infrastructure and logistics, the global transportation industry market is expected to grow to $11.10 trillion by 2024, expanding at a <a href="https://www.datamintelligence.com/research-report/transportation-industry-market">CAGR of 5.4%</a>.
Further, the <a href="https://www.mordorintelligence.com/industry-reports/united-states-freight-logistics-market/market-size">United States freight and logistics market</a>, one of the most developed logistics markets globally, is projected to grow from $1.33 trillion in 2024 to $1.67 trillion by 2030. The market is poised to register a CAGR of 3.9%, driven by strategic infrastructure investments and technological advancements.
Given the industry's robust outlook, investing in quality transportation stocks such as FDX, WAB, and ARCB could be wise for future gains.
FedEx Corporation (<a href="https://stocknews.com/stock/FDX/">FDX</a>)
FDX provides transportation, e-commerce, and business services internationally. The company operates through FedEx Express; FedEx Ground; FedEx Freight; and FedEx Services segments. It offers express transportation, small-package ground delivery, freight transportation services, and time-critical transportation services.
On September 18, FDX launched fdx.com, which is available to FedEx customers in the U.S. It is a data-driven commerce platform with powerful FedEx network insights that connect the entire customer journey. The platform will help FDX's customers to grow demand, increase conversion, optimize fulfillment, and streamline returns.
On September 5, FDX announced a strategic alliance and investment with Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, in order to scale FedEx Fulfillment with their fully autonomous 3PL model. The strategic investment in Nimble will expand FDX's e-commerce footprint and scale FedEx Fulfillment offerings across North America.
FDX reported a total revenue of $21.58 billion during the first quarter that ended August 31, 2024, and its adjusted operating income was $1.21 billion. The company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS amounted to $892 million and $3.60 for the quarter, respectively.
Furthermore, as of August 31, 2024, the company's cash and cash equivalents and total assets stood at $5.94 billion and $86.71 billion, respectively.
Analysts expect FDX's revenue for the second quarter (ending November 2024) to increase 1.9% year-over-year to $22.60 billion, and its EPS for the same quarter is expected to grow 13.1% year-over-year to $4.51. For the fiscal year (ending May 2025), the company's revenue and EPS are expected to grow 2.4% and 17.6% year-over-year to $89.82 billion and $20.93, respectively.
Shares of FDX have surged 17.1% over the past six months and 20.2% over the past year to close the last trading session at $300.39.
FDX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
FDX has a B grade for Growth and Quality. It is ranked #1 out of 16 <a href="https://stocknews.com/category/air-freight-shipping/">Air Freight &amp; Shipping Services</a> industry stocks.
In addition to the POWR Ratings we've stated above, we also have other ratings of FDX for Sentiment, Momentum, Stability, and Value. Get all FDX ratings <a href="https://stocknews.com/stock/FDX/">here</a>.
Westinghouse Air Brake Technologies Corporation (<a href="https://stocknews.com/stock/WAB/">WAB</a>)
WAB provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries globally. The company offers diesel-electric, battery, and liquid natural gas-powered locomotives, engines, electric motors, propulsion systems, and marine and mining products.
On July 30, WAB secured a $277 million order for Evolution Series ES43ACmi locomotives (Rio Tinto JV) to support the Simandou Iron Ore Project. The order will provide a locomotive fleet to service the rail operations for the Simandou high-grade iron ore project located east of Guinea.
On July 18, WAB's Board of Directors declared a regular quarterly common dividend of $0.20 per share, paid on August 28, 2024, to holders of record on August 14, 2024.
WAB's annual dividend of $0.80 equates to a yield of 0.46% at the current share price. Its four-year average dividend yield is 0.58%. Also, the company's dividend payouts have increased at a CAGR of 17.1% over the past three years.
During the second quarter that ended June 30, 2024, WAB's net sales rose 9.8% year-over-year to $2.64 billion. Its adjusted gross profit increased 20.4% year-over-year to $880 million. The company's adjusted income from operations of $510 million indicates growth of 29.1% from the prior year's quarter.
Furthermore, the company's adjusted net income and EPS came in at $348 million and $1.96, up 35.9% and 39% year-over-year, respectively.
Street expects WAB's revenue and EPS for the third quarter (ending September 2024) to increase 5.2% and 11% year-over-year to $2.68 billion and $1.89, respectively. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
Over the past six months, WAB's stock has gained 25.4% and 64.9% over the past year to close the last trading session at $178.24.
WFRD's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Sentiment, and Quality. WAB has topped in the list of 16 stocks within the B-rated <a href="https://stocknews.com/category/railroads/">Railroads</a> industry.
<a href="https://stocknews.com/stock/WAB/">Click here</a> to access additional ratings of WAB for Momentum, Stability and Value.
ArcBest Corporation (<a href="https://stocknews.com/stock/ARCB/">ARCB</a>)
ARCB is an integrated logistics company engaged in ground, air, and ocean transportation solutions. It operates in two segments: Asset-Based; and Asset-Light. The company offers less-than-truckload services that transport general commodities, like food, textiles, apparel, furniture, appliances, chemicals, and non-bulk petroleum products.
On August 6, ARCB joined TriumphPay Network as a full audit and payments network participant. ARCB joined the network as part of TriumphPay's strategy to serve carriers better, improve operational efficiency, and enhance payment security. The customer alliance will potentially result in expansion and growth for the companies in the freight industry.
On July 30, ARCB's Board of Directors declared a quarterly cash dividend of $0.12 per share to holders of record of its common stock on August 13, 2024, paid on August 27, 2024.
ARCB pays an annual dividend of $0.48, which translates to a yield of 0.43% at the current share price. Its four-year average dividend yield is 0.49%. Moreover, the company's dividend payouts have increased at a CAGR of 14.5% over the past three years.
For the second quarter that ended June 30, 2024, ARCB reported revenue of $1.08 billion, while its non-GAP operating income rose 28.1% from the year-ago value to $64.20 million. The company's non-GAAP net income from continuing operations and EPS came in at $47.38 million and $1.98, up 24.8% and 28.6% year-over-year, respectively.
Furthermore, the company's adjusted EBITDA increased 24.3% from the year-ago value to $94.86 million.
Analysts expect ARCB's EPS for the first quarter (ending March 2025) to increase 20.3% year-over-year to $1.61, and its revenue for the same period is expected to grow 4% year-over-year to $1.08 billion. Moreover, the company topped the consensus revenue estimates in each of the trailing four quarters.
ARCB's stock has surged 7.1% over the past month and 16.1% over the past year to close the last trading session at $115.83.
ARCB's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ARCB has a B grade for Growth, Momentum, and Value. The stock is ranked first among the 17 stocks in the <a href="https://stocknews.com/category/trucking-freight/">Trucking Freight</a> industry.
To access ARCB's other ratings, <a href="https://stocknews.com/stock/ARCB/">click here</a>.
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FDX shares were trading at $255.34 per share on Friday afternoon, down $45.05 (-15.00%). Year-to-date, FDX has gained 2.50%, versus a 20.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/fdx-wab-arcb-3-transportation-stocks-to-buy-as-supply-chains-normalize/>3 Transportation Stocks to Buy as Supply Chains Normalize</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Transportation Stocks to Buy as Supply Chains Normalize

Overweight quality stocks with positive EPS revision - MS

Overweight quality stocks with positive EPS revisions - MS

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Press Releases

Wabtec Announces First Quarter 2024 Earnings Release Date

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Wabtec Announces Second Quarter 2024 Earnings Release Date

Wabtec Reports Second Quarter 2024 Results Raised and Tightened Adjusted EPS Guidance

Wabtec Secures a $277-Million Locomotive Order from SimFer (Rio Tinto JV) to Support the Simandou Iron Ore Project

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Westinghouse Air Brake

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사람들이 또한 지켜본다

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