Oshkosh (NYSE:OSK) reported its Q1 earnings results on Wednesday, January 26, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Oshkosh missed estimated earnings by 81.63%, reporting an EPS of $0.09 versus an estimate of $0.49, which surprised analysts.
Revenue was up $214.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31, which was followed by a 0.85% drop in the share price the next day.
Here's a look at Oshkosh's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.74 | 2.26 | 1.15 | 0.73 |
| EPS Actual | 1.05 | 2.09 | 1.48 | 1.13 |
| Revenue Estimate | 1.87B | 2.21B | 1.76B | 1.53B |
| Revenue Actual | 2.06B | 2.21B | 1.89B | 1.58B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Oshkosh management provided guidance for their next quarter, expecting earnings between $5.75 and $6.75 per share for the next quarter.
This represents a 6844.44% in quarter-over-quarter growth for Oshkosh, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
