Why Oshkosh's Shares Dropped Today

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Oshkosh (NYSE: OSK  ) dropped 10% today after reporting fiscal fourth-quarter earnings.

So what: Revenue fell 15.8% from a year ago to $1.73 billion, and net income fell 54% to $36.3 million, or $0.49 per share. The revenue figure was in line with estimates, but earnings fell $0.02 short.  

Now what: Department of Defense spending is expected to hurt sales again next year, driving revenue to $6.6 billion to $6.9 billion, from $7.7 billion in 2013 according to guidance. Earnings for next year are expected to be $3.10-$3.40, down from $3.74 this year. Considering that its financial results are falling, and shares already trade at 14 times next year's earnings, Oshkosk doesn't quite look like a buying opportunity.

Our top stock of the year
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2013." To find out which stock it is and read our in-depth report, simply click here. It's free!


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2708325, ~/Articles/ArticleHandler.aspx, 11/28/2014 5:03:44 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,828.24 0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASD 4,791.63 4.31 0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/28/2014 1:08 PM
OSK $45.40 Down -1.27 -2.72%
Oshkosh Corporatio… CAPS Rating: ****

Advertisement