Specialty vehicles contractor Oshkosh (NYSE: OSK) will be announcing earnings results this Friday morning. Here’s what you need to know.
Oshkosh beat analysts’ revenue expectations last quarter, reporting revenues of $2.69 billion, up 2.5% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ revenue estimates but full-year EPS guidance missing analysts’ expectations significantly.
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 be flat year on year, improving from the 9.1% decrease it recorded in the same quarter last year.
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 multiple times over the last two years.
Looking at Oshkosh’s peers in the heavy transportation equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Douglas Dynamics delivered year-on-year revenue growth of 19.8%, beating analysts’ expectations by 3.4%, and Commercial Vehicle Group reported revenues up 1%, topping estimates by 7.2%. Douglas Dynamics traded up 13.8% following the results while Commercial Vehicle Group was also up 23.7%.
Read our full analysis of Douglas Dynamics’s results here and Commercial Vehicle Group’s results here.
There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 12.1% on average over the last month. Oshkosh is up 6.8% during the same time and is heading into earnings with an average analyst price target of $170.91 (compared to the current share price of $156.72).
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