Why Shares of Oshkosh Jumped
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 specialty vehicles manufacturer Oshkosh (NYS: OSK) jumped 14% today after the company released earnings.
So what: Revenue rose 8% to $2.18 billion, higher than the $2.06 billion analysts had expected. Earnings per share of $0.82 were also a surprise, crushing the $0.53-per-share benchmark analysts had set.
The company also said that full-year earnings per share would be between $1.90 and $2.05, well above the $1.84 average estimate from analysts.
Now what: The only blemish was weakness in the fire and emergency equipment business, which is understandable considering the pinch local budgets are under. Other than that the company sees strong results ahead and thinks it is out in front of an economic recovery. With shares trading at about 11 times 2012 earnings I think these results can help push the stock higher in the future as well.
Interested in more info on Oshkosh? Add it to your watchlist byclicking here.
The article Why Shares of Oshkosh Jumped originally appeared on Fool.com.Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.