Finance

Oshkosh Corporation (NYSE:OSK) lost about -6.8 percent in value since last earnings

Oshkosh Corporation (NYSE:OSK) is projected to declare fiscal second quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -6.8 percent in price since last results when it was at $73.11 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.

Here’s how traders responded to OSK earnings announcements over the past few quarters.

Oshkosh Corporation (OSK) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 72.4 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.26 which beat the consensus $0.11 projection (positive surprise of136.36%. For the quarter, revenue came in at 1.21B versus consensus estimate of 1.19B. The stock dropped -1.44 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On November 1, 2016, it reported earnings at $1.05 a share compared with the consensus estimate of $0.84 per share (positive surprise of 25%). Revenue of 1.76B for that quarter was above the $1.68B analysts had expected. The stock climbed 1.88% the day following the earnings announcement, and on 7th day price change was 4.03%.

On July 28, 2016, it recorded $1.13 a share in earnings which topped the consensus estimate of $0.92 (positive surprise of 22.83%). Revenue for the quarter was $1.75B while analysts called for revenues to be $1.61B. The stock gained 9.92% the day following the earnings data was made public, and on 7th day price change was 10.31%.

On April 28, 2016, it announced earnings per share at $0.76 versus the consensus estimate of $0.37 per share (positive surprise of 105.41%). That came on revenues of $1.52B for that period. Analysts had expected $1.37B in revenue.

Oshkosh Corporation Earnings Estimates

As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.37. The analysts’ present consensus range is $0.18-$0.51 for EPS. The market consensus range for revenue is between $1.22B and $1.37B, with an average of $1.3B.

Oshkosh Corporation (NYSE:OSK) last ended at $68.53, sending the company’s market cap near $5.11B. The consensus 12-month price target from analysts covering the stock is $74.17. The share price has declined -7.3% from its top level in 52 weeks and dropped 6.4% this year. It recently traded in a range of $67.85-$68.55 at a volume of 514092 shares. The recent trading ended with the price nearly -2.96 lower for the last 5 trading days, rebounding 91.25% from its 52-week low.

 

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