The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how heavy transportation equipment stocks fared in Q4, starting with Wabtec (NYSE:WAB).
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
Safety and security company Federal Signal (NYSE:FSS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 5.3% year on year to $472 million. On the other hand, the company’s full-year revenue guidance of $2.06 billion at the midpoint came in 2.8% above analysts’ estimates. Its non-GAAP profit of $0.87 per share was in line with analysts’ consensus estimates.
Federal Signal has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 12% to $94.29 per share while the index has gained 7.7%.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Federal Signal (NYSE:FSS) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the heavy transportation equipment stocks, including Cummins (NYSE:CMI) and its peers.
Safety and security company Federal Signal (NYSE:FSS) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 6.2% year on year to $474.2 million. Its non-GAAP profit of $0.88 per share was 5.3% above analysts’ consensus estimates.
Federal Signal Corporation has strategically positioned itself for long-term success through various initiatives, including plant expansions, new product development, and strategic acquisitions.
