Yahoo Finance Oshkosh Earnings: What To Look For From OSK
Specialty vehicles contractor Oshkosh (NYSE:OSK) will be announcing earnings results tomorrow morning. Here's what you need to know.
Oshkosh beat analysts' revenue expectations by 2.2% last quarter, reporting revenues of $2.54 billion, up 12.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' backlog sales estimates.
Is Oshkosh a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Oshkosh's revenue to grow 15.1% year on year to $2.78 billion, slowing from the 16.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.01 per share.
The majority of analysts covering the company have 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 transportation equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PACCAR's revenues decreased 2.1% year on year, meeting analysts' expectations, and Federal Signal reported revenues up 10.8%, in line with consensus estimates. PACCAR traded down 9.3% following the results while Federal Signal was up 5.3%.
Read our full analysis of PACCAR's results here and Federal Signal's results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 10.2% on average over the last month. Oshkosh is up 10.1% during the same time and is heading into earnings with an average analyst price target of $130.9 (compared to the current share price of $116.31).
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