Why Oshkosh Stock Is Up 18% Over The Last Month

by Trefis Team
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Oshkosh (NYSE: OSK), a company that designs and builds mission-critical vehicles and equipment– has seen its stock price rise by about 18% over the last month, driven largely by robust Q4 numbers (FY ends September). Adjusted EPS came in at $2.17, beating estimates by $0.29 and revenues coming in at $2.2 billion, about $90 million ahead of estimates, driven by strength in the company’s defense, fire & emergency, as well as commercial businesses. While things have remained a mixed bag in the rental equipment market, as rental companies have been somewhat circumspect about their capital spending, rental rates were higher than expected over October and this could lead to a recovery, helping Oshkosh’s revenues.

We ‘step back’ from these recent swings to review Oshkosh’s performance over the last few years, as a context for what might come next. Our Interactive dashboard, Why Has Oshkosh Stock Rallied Over The Last Month? reviews the near term reasons and the big picture.

The context for the last few years:

A closer look At Oshkosh’s  Total Revenues over the last few years and the outlook 

Total Revenues for Oshkosh increased from $7.7 Bil in 2018 to $8.4 Bil in 2019, an increase of 9.1%.

This compares with Total Revenues growth of:

  • -10.4% in 2015
  • 2.97% in 2016
  • 8.77% in 2017
  • 12.8% in 2018

We expect Total Revenues growth to be -3.4% in 2020.

A closer look At Oshkosh’s  Total Expenses over the last few years and the outlook

 Total Expense for Oshkosh increased from $7.1 Bil in 2018 to $7.6 Bil in 2019, an increase of 7.3%.

This compares with Total Expense growth of:

  • -9.48% in 2015
  • 3.47% in 2016
  • 7.47% in 2017
  • 10.8% in 2018

We expect Total Expense growth to be -2.3% in 2020.

How does Oshkosh’s  Revenue Growth compare with rivals?

For more details on How Oshkosh’s Revenue Growth compares with rivals Navistar and Wabco Holdings, view our interactive dashboard analysis.

How has Oshkosh’s   EBT trended?

EBT for Oshkosh increased from $595 million in 2018 to $751 million in 2019. We expect EBT to decline by 4.5% to $641 Mil in 2019.

How has Oshkosh’s  Net Income and EPS trended?

For more details on Oshkosh’s Net Income and EPS, view our interactive dashboard analysis.

 

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