Oshkosh Shares Fall 2.5% Since Q3 Earnings Beat Expectations

Zacks11-06

Shares of Oshkosh Corporation OSK lost 2.5% since it reported third-quarter 2024 results. It reported adjusted earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.87. The bottom ...

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The bottom ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oshkosh-shares-fall-2-5-142000038.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oshkosh Shares Fall 2.5% Since Q3 Earnings Beat Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOshkosh Shares Fall 2.5% Since Q3 Earnings Beat Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oshkosh-shares-fall-2-5-142000038.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Oshkosh Corporation OSK lost 2.5% since it reported third-quarter 2024 results. It reported adjusted earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.87. The bottom ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oshkosh-shares-fall-2-5-142000038.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OSK","symbol_name":"Oshkosh","start_time":0,"source_url":"https://finance.yahoo.com/news/oshkosh-shares-fall-2-5-142000038.html","article_id":"2481169980","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/SpczDxrQ261gramzBDUQNA--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e72f70dd70b6ae5189fbddb982983934"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481169980","pubTimestamp":1730902800,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Oshkosh Corporation OSK lost 2.5% since it reported third-quarter 2024 results. It reported adjusted earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.87. The bottom line, however, declined from $3.04 recorded in the year-ago period. Consolidated net sales climbed 9% year over year to $2.74 billion. The top line also surpassed the Zacks Consensus Estimate of $2.63 billion.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Oshkosh had cash and cash equivalents of $160.9 million as of Sept. 30, 2024, compared with $125.4 million as of Dec. 31, 2023. The company recorded a long-term debt of $602.3 million, up from $597.5 million as of Dec. 31, 2023.OSK declared a quarterly cash dividend of 46 cents per share. The dividend will be paid out on Nov. 29, 2024, to shareholders of record as of Nov. 15, 2024.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OSK":"Oshkosh"},"translate_title":"自第三季度盈利超出预期以来，奥什科什股价下跌2.5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OSK":1},"content_text":"Shares of Oshkosh Corporation OSK lost 2.5% since it reported third-quarter 2024 results. It reported adjusted earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.87. The bottom line, however, declined from $3.04 recorded in the year-ago period. Consolidated net sales climbed 9% year over year to $2.74 billion. The top line also surpassed the Zacks Consensus Estimate of $2.63 billion.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.\n\nOshkosh Corporation Price, Consensus and EPS Surprise\n\nOshkosh Corporation price-consensus-eps-surprise-chart | Oshkosh Corporation Quote\n\nSegmental Details\nAccess: The segment’s net sales rose 3.4% year over year to $1.36 billion and surpassed the Zacks Consensus Estimate of $1.29 billion due to improved sales volume in North America.Operating income fell 9.6% to $207.9 million (accounting for 15.2% of sales) due to higher material costs and selling, general and administrative expenses. The metric, however, surpassed the Zacks Consensus Estimate of $196 million.Defense: The segment’s net revenues increased 13.9% year over year to $540.4 million and surpassed the Zacks Consensus Estimate of $504 million due to higher sales volume of aftermarket parts and Family of Heavy & Medium Tactical Vehicle and NGDV production.The segment reported an operating income of $11.2 million, which fell 43.1% year over year due to cumulative catch-up adjustments on contract margins. However, the figure surpassed the Zacks Consensus Estimate of $4.43 million.Vocational: The segment’s net sales rose 17.6% year over year to $814.2 million due to the inclusion of sales related to AeroTech’s acquisition and improved price and organic sales volume. The metric, however, missed the Zacks Consensus Estimate of $825 million.Operating income surged 89.7% to $99.6 million (accounting for 12.2% of sales) due to enhanced price/cost dynamics but missed the Zacks Consensus Estimate of $106 million.\nFinancials\nOshkosh had cash and cash equivalents of $160.9 million as of Sept. 30, 2024, compared with $125.4 million as of Dec. 31, 2023. The company recorded a long-term debt of $602.3 million, up from $597.5 million as of Dec. 31, 2023.OSK declared a quarterly cash dividend of 46 cents per share. The dividend will be paid out on Nov. 29, 2024, to shareholders of record as of Nov. 15, 2024.\nOSK Revises 2024 Guidance\nThe company anticipates full-year 2024 sales to be around $10.6 billion, down from the previous expectation of $10.7 billion. It now expects adjusted earnings per share to be $11.35, down from the prior guidance of $11.75.\nZacks Rank & Key Picks\nOSK currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the auto space are Toyota Motor Corporation TM, Standard Motor Products, Inc. SMP and BYD Company Limited BYDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for TM’s fiscal 2025 sales suggests year-over-year growth of 3.67%. Earnings per share (EPS) estimates for fiscal 2025 have improved 56 cents in the past 60 days. EPS estimates for fiscal 2026 have improved 20 cents in the past seven days.The Zacks Consensus Estimate for SMP’s 2024 sales and earnings suggests year-over-year growth of 4.3% and 3.77%, respectively. EPS estimates for 2024 have improved by 2 cents in the past seven days. EPS estimates for 2025 have improved by 2 cents in the past 90 days.The Zacks Consensus Estimate for BYDDY’s 2024 sales and earnings suggests year-over-year growth of 20.91% and 23.63%, respectively. EPS estimates for 2024 and 2025 have improved by 12 cents and 13 cents, respectively, in the past seven days\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nToyota Motor Corporation (TM) : Free Stock Analysis Report\nStandard Motor Products, Inc. (SMP) : Free Stock Analysis Report\nOshkosh Corporation (OSK) : Free Stock Analysis Report\nByd Co., Ltd. (BYDDY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481169980"}