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Here's Why Westinghouse Air Brake Technologies (WAB) is a Strong Growth Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

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Westinghouse Air Brake Technologies (WAB)

Westinghouse Air Brake Technologies Corporation is a provider of locomotives, value-added, technology-based equipment, systems and services to the freight rail and passenger transit industries across the globe.

WAB boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 13.7% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.8%.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.09 to $6.73 per share. WAB boasts an average earnings surprise of 6.6%.

Looking at cash flow, Westinghouse Air Brake Technologies is expected to report cash flow growth of 17.3% this year; WAB has generated cash flow growth of 26.4% over the past three to five years.

Investors should take the time to consider WAB for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research