The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Oshkosh beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share grew significantly.
Margins increased across the board.
Oshkosh reported revenue of $2.06 billion. The 11 analysts polled by S&P Capital IQ anticipated sales of $1.97 billion on the same basis. GAAP reported sales were 2.5% lower than the prior-year quarter's $2.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.65. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.46 per share. GAAP EPS of $0.86 for Q4 were 110% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.5%, 210 basis points better than the prior-year quarter. Operating margin was 4.7%, 90 basis points better than the prior-year quarter. Net margin was 3.8%, 200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.71 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $7.65 billion. The average EPS estimate is $2.55.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 793 members out of 858 rating the stock outperform, and 65 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 215 give Oshkosh a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oshkosh is outperform, with an average price target of $31.36.
- Add Oshkosh to My Watchlist.