Oshkosh Earnings: Here’s Why Investors are Buying Shares Now

Oshkosh Corporation (NYSE:OSK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.7%.

Oshkosh Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 103.66% to $1.67 in the quarter versus EPS of $0.82 in the year-earlier quarter.

Revenue: Rose 1.29% to $2.2 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oshkosh Corporation reported adjusted EPS income of $1.67 per share. By that measure, the company beat the mean analyst estimate of $1.08. It beat the average revenue estimate of $2.1 billion.

Quoting Management: “The employees of Oshkosh Corporation diligently executed our MOVE strategy to deliver outstanding third quarter results, highlighted by earnings per share of $1.67, which is nearly double our fiscal 2012 third quarter earnings per share of $0.84,” said Charles L. Szews, Oshkosh Corporation chief executive officer. “Our access equipment segment, in particular, stood out with higher sales and operating income margins reaching more than 16 percent for the quarter. Our defense team also delivered solid results, despite continued headwinds from reduced U.S. defense spending.”

Key Stats (on next page)…

Revenue increased 11.09% from $1.98 billion in the previous quarter. EPS increased 73.96% from $0.96 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.55. For the current year, the average estimate has moved up from a profit of $3.13 to a profit of $3.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)