Earnings Preview: Oshkosh (OSK) Q4 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in Oshkosh's earnings due to lower revenues, with a focus on how actual results compare to estimates [1][2]. Earnings Expectations - Oshkosh is expected to report quarterly earnings of $2.31 per share, reflecting a year-over-year decrease of 10.5% [3]. - Revenues are projected to be $2.55 billion, down 2.7% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.62% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Oshkosh is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.58% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Oshkosh currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Oshkosh exceeded earnings expectations with a surprise of +2.56% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - In the Zacks Automotive - Domestic industry, Paccar is expected to report earnings of $1.24 per share, indicating a year-over-year decline of 25.3% [19]. - Paccar's revenue is projected to be $6.12 billion, down 16.9% from the previous year [19].