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Oshkosh (OSK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Oshkosh (OSK - Free Report) reported revenue of $2.51 billion, up 21.4% over the same period last year. EPS came in at $3.04, compared to $1.00 in the year-ago quarter.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $2.46 billion. With the consensus EPS estimate being $2.19, the EPS surprise was +38.81%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Oshkosh performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net sales- Vocational- Total: $692.60 million versus the three-analyst average estimate of $672.84 million.
Net sales- Vocational- Fire apparatus: $299.50 million compared to the $314.03 million average estimate based on three analysts.
Net Sales- Defense: $500.10 million compared to the $532.60 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year.
Net Sales- Access- Other: $270.10 million versus the three-analyst average estimate of $230.56 million. The reported number represents a year-over-year change of +31.9%.
Net Sales- Access- Telehandlers: $393.80 million versus $377.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.6% change.
Net Sales- Access- Total: $1.32 billion versus $1.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27% change.
Net Sales- Corporate and intersegment eliminations: -$1 million versus the three-analyst average estimate of -$2.81 million. The reported number represents a year-over-year change of -37.5%.
Net Sales- Access- Aerial work platforms: $654.30 million compared to the $653.37 million average estimate based on three analysts. The reported number represents a change of +26.5% year over year.
Net sales- Vocational- Other: $243.90 million versus $154.35 million estimated by two analysts on average.
Net sales- Vocational- Refuse collection: $149.20 million compared to the $173.40 million average estimate based on two analysts.
Operating income (loss)- Corporate and intersegment eliminations: -$48.70 million versus -$43.02 million estimated by three analysts on average.
Operating income (loss)- Vocational: $52.50 million compared to the $53.77 million average estimate based on three analysts.
Shares of Oshkosh have returned -10.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Oshkosh (OSK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Oshkosh (OSK - Free Report) reported revenue of $2.51 billion, up 21.4% over the same period last year. EPS came in at $3.04, compared to $1.00 in the year-ago quarter.
The reported revenue represents a surprise of +1.96% over the Zacks Consensus Estimate of $2.46 billion. With the consensus EPS estimate being $2.19, the EPS surprise was +38.81%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Oshkosh performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Vocational- Total: $692.60 million versus the three-analyst average estimate of $672.84 million.
- Net sales- Vocational- Fire apparatus: $299.50 million compared to the $314.03 million average estimate based on three analysts.
- Net Sales- Defense: $500.10 million compared to the $532.60 million average estimate based on three analysts. The reported number represents a change of -3.6% year over year.
- Net Sales- Access- Other: $270.10 million versus the three-analyst average estimate of $230.56 million. The reported number represents a year-over-year change of +31.9%.
- Net Sales- Access- Telehandlers: $393.80 million versus $377.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.6% change.
- Net Sales- Access- Total: $1.32 billion versus $1.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +27% change.
- Net Sales- Corporate and intersegment eliminations: -$1 million versus the three-analyst average estimate of -$2.81 million. The reported number represents a year-over-year change of -37.5%.
- Net Sales- Access- Aerial work platforms: $654.30 million compared to the $653.37 million average estimate based on three analysts. The reported number represents a change of +26.5% year over year.
- Net sales- Vocational- Other: $243.90 million versus $154.35 million estimated by two analysts on average.
- Net sales- Vocational- Refuse collection: $149.20 million compared to the $173.40 million average estimate based on two analysts.
- Operating income (loss)- Corporate and intersegment eliminations: -$48.70 million versus -$43.02 million estimated by three analysts on average.
- Operating income (loss)- Vocational: $52.50 million compared to the $53.77 million average estimate based on three analysts.
View all Key Company Metrics for Oshkosh here>>>Shares of Oshkosh have returned -10.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.