Oshkosh Earnings: Here’s Why the Stock is Rising Now

Oshkosh Corporation (NYSE:OSK) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.75%.

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Oshkosh Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 134.15% to $0.96 in the quarter versus EPS of $0.41 in the year-earlier quarter.

Revenue: Decreased 4.38% to $1.98 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oshkosh Corporation reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.89. It missed the average revenue estimate of $2.02 billion.

Quoting Management: “The Oshkosh team executed well in our second fiscal quarter. All four of our business segments delivered improved operating income margins compared to the prior year quarter, resulting in a more than doubling of our diluted earnings per share to $0.96,” said Charles L. Szews, Oshkosh Corporation chief executive officer. “Our access equipment segment continued to benefit from replacement driven demand and improved pricing, while concrete placement product sales in the commercial segment reached the highest level of quarterly sales in nearly five years, benefitting mainly from improvements in the domestic housing market.”

Key Stats (on next page)…

Revenue increased 12.69% from $1.76 billion in the previous quarter. EPS increased 60% from $0.60 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.03 to a profit $1.02. For the current year, the average estimate has moved up from a profit of $2.98 to a profit of $3.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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