What move does the options market price into Westinghouse Air Brake Technologies's report?

Implied ±2.8%, either direction.

How often does Westinghouse Air Brake Technologies move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

WABNYSERailroad Equipment

Westinghouse Air Brake Technologies Corp (WAB) earnings date, market-implied expected move, and options open interest by expiry

293.35

pre 295.05 +1.12%

Pre-market16:15 ETdelayed

Open291.82Volume946,314Mkt cap$49.5BP/E36.56EPS8.07Div yield0.40%

Day285.99 – 298.6771%52-wk194.26 – 306.3290%

WAB

Westinghouse Air Brake Technologies Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±2.8%implied · report alone

8Q avg ±5.1%·×0.55·cheap

286.76303.18

straddle ±9.2%

spot 294.97exp Feb 19ATM strike 290ATM straddle 31.85IV 26%

Nov 4 closereport share · term structure

Expected move

Inputs

Next report

Feb 10

before open · in 97 days

est.Q4 FY26

Calendar

Next report

Last report

+1.95%

vs ±5.9% implied · ×0.33

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

+0.98%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

1,187 managers

Top fund weight

0.79%

WAB weight · XLI

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Westinghouse Air Brake Technologies (WAB) is expected to report on Feb 10 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±5.8%
avg realized: ±5.1%

Feb 12 '25Feb 12 '25confirmed±4.1%▼−9.06%×2.20

Apr 23 '25Apr 23 '25confirmed±7.0%▲+5.94%×0.85

Jul 24 '25Jul 24 '25confirmed±5.3%▼−6.38%×1.20

Oct 22 '25Oct 22 '25confirmed±6.1%▼−2.31%×0.38

Feb 11 '26Feb 11 '26confirmed±4.9%▲+3.23%×0.66

Q1 FY26Apr 22 '26confirmed±6.4%▲+1.51%×0.24

Q2 FY26Jul 22 '26confirmed±6.8%▲+10.04%×1.48

Q3 FY26Oct 21 '26confirmed±5.9%▲+1.95%×0.33

quarterimplied−15%0+15%realized×

Q3 FY26±5.9%▲+1.95%×0.33

Q2 FY26±6.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 20 close

0.05OI · 5 expiries · Oct 20 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

100+1%

Positioning

Linked exposure

scenario · straddle±9.2%

Funds 4

XLI±0.1%

Linked exposure

Revenue flow

as filedQ3 FY26

13.17%as filednet margin · revenue −1.86% QoQ · +8.11% YoY

Revenue

$3.1B−1.86% QoQ

Gross profit

$1.2B+0.26% QoQ

37.31% margin

Operating income

$625M+4.17% QoQ

20.03% margin

Pre-tax income

$557M+7.53% QoQ

Net income

$411M+3.79% QoQ

13.17% margin

Cost of revenue

$2.0B−3.07% QoQ

Operating expenses

$539M−3.92% QoQ

SG&A $383M

R&D $67M

Other operating $89M

Other expense

$68M

Tax

$146M+19.67% QoQ

Revenue$3.1B−1.86%

Gross profit

$1.2B+0.26%

37.31% margin

Operating income

$625M+4.17%

20.03% margin

Pre-tax income

$557M+7.53%

Net income

$411M+3.79%

13.17% margin

Cost of revenue

$2.0B−3.07%

Operating expenses

$539M−3.92%

SG&A $383M

R&D $67M

Other operating $89M

Other expense

$68M

Tax$146M+19.67%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 4 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:15 ET

Intraday

Event sensitivity

PCE ×1.12· ±1.2% vs ±1.1% · 20 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±1.2%15 of 20×1.12

FOMCrate decision±1.2%10 of 24×1.12

NFPjobs report±1.1%4 of 10×1.03

GDPgross domestic product±1.1%13 of 20×1.00

CPROFcorporate profits±0.9%8 of 12×0.85

CPIconsumer prices±0.9%6 of 11×0.82

PPIproducer prices±0.7%4 of 11×0.66

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 2.42 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 21 '26 · confirmed	2.42	—
Q2 FY26	Jul 22 '26 · confirmed	2.33	—
Q1 FY26	Apr 22 '26 · confirmed	2.12	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod