Oshkosh (US:OSK) ZACKSยท2024-10-30 13:25Company Performance - Oshkosh reported quarterly earnings of $2.93 per share, exceeding the Zacks Consensus Estimate of $2.87 per share, but down from $3.04 per share a year ago [1] - The earnings surprise for this quarter was 2.09%, and the company had a previous quarter surprise of 11.33% with actual earnings of $3.34 per share against an expectation of $3 per share [2] - Revenues for the quarter ended September 2024 were $2.74 billion, surpassing the Zacks Consensus Estimate by 4.26%, compared to $2.51 billion in the same quarter last year [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.13 on revenues of $2.43 billion, and for the current fiscal year, it is $11.33 on revenues of $10.45 billion [8] - The estimate revisions trend for Oshkosh has been unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - The Automotive - Original Equipment industry, to which Oshkosh belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [6]