Zacks Investment Research
Does Wabtec's Expanding Rail Services Business Make WAB a Buy?
Wabtec Corporation (WAB) secured a $700M+ services contract with Guinea's TransGuinean Railway, bringing its Simandou-related business beyond $1.2 billion. The company reported 17.5% revenue growth and a 41.7% surge in multi-year backlog to $30.93 billion in Q2 2026. However, its 23.4X forward P/E valuation premium and 41.6% annual stock gain raise concerns about execution risks and limited room for setbacks.
