OSK reports better-than-expected third-quarter results and expects 2024 sales to be around $10.6 billion, down from the previous expectation of $10.7 billion.
Oshkosh Corporation (NYSE:OSK ) Q3 2024 Results Conference Call October 30, 2024 9:30 AM ET Company Participants Patrick Davidson - Senior Vice President, Investor Relations John Pfeifer - President and Chief Executive Officer Michael Pack - Executive Vice President, Chief Financial Officer and President, Vocational Conference Call Participants Stefan Diaz - Morgan Stanley Jerry Revich - Goldman Sachs Tami Zakaria - J.P. Morgan Kyle Menges - Citigroup Jamie Cook - Truist Securities Steven Fisher - UBS Tim Thein - Raymond James Mircea Dobre - Robert W.
While the top- and bottom-line numbers for Oshkosh (OSK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Oshkosh (OSK) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $3.04 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Oshkosh (OSK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Oshkosh has a strong growth outlook with a 1.8% dividend yield, driven by major contracts, municipal spending, and European expansion. The estimated fair value for Oshkosh is $165.2, based on a 14.0x P/E ratio and projected EPS of $11.80 for 2025. Key segments like vocational and access equipment show robust backlog and revenue growth, despite short-term defense segment challenges.
Oshkosh (OSK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Oshkosh (OSK) reported earnings 30 days ago. What's next for the stock?
Oshkosh (OSK) reports better-than-expected second-quarter results and expects full-year 2024 adjusted earnings per share of $11.75, up from the prior guidance of $11.25.