Oshkosh (NYS: OSK) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Oshkosh beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded.
Gross margins dropped, operating margins dropped, net margins grew.
Oshkosh booked revenue of $2.18 billion. The 11 analysts polled by S&P Capital IQ expected revenue of $2.04 billion on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $2.02 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 $0.82. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.52 per share. GAAP EPS of $0.82 for Q3 were 9.3% higher than the prior-year quarter's $0.75 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%, 80 basis points worse than the prior-year quarter. Operating margin was 5.7%, 40 basis points worse than the prior-year quarter. Net margin was 3.5%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.95 billion. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $7.88 billion. The average EPS estimate is $1.84.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 796 members out of 863 rating the stock outperform, and 67 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Oshkosh a green thumbs-up, and 13 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 $28.93.
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The article Oshkosh Crushes Earnings Estimates originally appeared on Fool.com.
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