Specialty vehicles contractor Oshkosh (NYSE: OSK) will be announcing earnings results this Tuesday before market open. Here’s what investors should know.
Oshkosh beat analysts’ revenue expectations last quarter, reporting revenues of $2.32 billion, flat year on year. It was a mixed quarter for the company, with full-year EPS guidance exceeding analysts’ expectations but a significant miss of analysts’ EPS estimates.
Is Oshkosh a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Oshkosh’s revenue to grow 3.3% year on year, a reversal from the 4% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Oshkosh has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Oshkosh’s peers in the heavy machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Wabtec delivered year-on-year revenue growth of 17.5%, beating analysts’ expectations by 3.3%, and Greenbrier reported a revenue decline of 31.6%, falling short of estimates by 5.9%. Wabtec traded up 13.1% following the results while Greenbrier’s stock price was unchanged.
Read our full analysis of Wabtec’s results here and Greenbrier’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the heavy machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. Oshkosh is up 1.9% during the same time and is heading into earnings with an average analyst price target of $163.01 (compared to the current share price of $155.14).
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