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Oshkosh Earnings: What To Look For From OSK

OSK Cover Image

Specialty vehicles contractor Oshkosh (NYSE: OSK) will be announcing earnings results this Thursday before market open. Here’s what to expect.

Oshkosh missed analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $2.69 billion, down 1.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Is Oshkosh a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Oshkosh’s revenue to be flat year on year at $2.62 billion, slowing from the 6.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.31 per share.

Oshkosh Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Oshkosh has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Oshkosh’s peers in the heavy machinery segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Greenbrier’s revenues decreased 19.4% year on year, beating analysts’ expectations by 7.7%, and PACCAR reported a revenue decline of 13.7%, topping estimates by 2.5%. Greenbrier traded down 10.3% following the results.

Read our full analysis of Greenbrier’s results here and PACCAR’s results here.

There has been positive sentiment among investors in the heavy machinery segment, with share prices up 9.3% on average over the last month. Oshkosh is up 17.1% during the same time and is heading into earnings with an average analyst price target of $157.65 (compared to the current share price of $150.39).

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