Oshkosh (OSK) Lags Q1 Earnings and Revenue Estimates

Core Viewpoint - Oshkosh (OSK) reported quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.02 per share, and down from $2.89 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -4.95%, with previous expectations of $2.18 per share, while actual earnings were $2.58, resulting in a positive surprise of 18.35% in the prior quarter [2] - Revenues for the quarter were $2.31 billion, missing the Zacks Consensus Estimate by 4.17%, and down from $2.54 billion year-over-year [3] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped revenue estimates three times [2][3] Stock Performance - Oshkosh shares have declined approximately 7.2% since the beginning of the year, compared to a decline of 5.5% for the S&P 500 [4] - The current Zacks Rank for Oshkosh is 4 (Sell), indicating expected underperformance in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $3.05 on revenues of $2.71 billion, and for the current fiscal year, it is $10.48 on revenues of $10.38 billion [8] - The estimate revisions trend for Oshkosh is currently unfavorable, which may change following the recent earnings report [7] Industry Context - The Automotive - Original Equipment industry, to which Oshkosh belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [9]