What Happened?
Shares of specialty vehicles contractor Oshkosh (NYSE: OSK) fell 5.7% in the afternoon session after the company reported disappointing third-quarter results, missing revenue expectations and lowering its full-year guidance for both sales and earnings. While the company's earnings per share for the quarter were slightly ahead of forecasts, its revenue of $2.69 billion fell 1.9% from the same period last year and came in below what analysts had predicted. The company also reduced its full-year sales forecast to $10.35 billion at the midpoint, down from its prior estimate of $10.6 billion. Similarly, the outlook for adjusted earnings per share was also lowered. This downward revision in the company's outlook signaled to investors that challenges were expected to continue.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Oshkosh? Access our full analysis report here.
What Is The Market Telling Us
Oshkosh’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 3.9% on the news that investor optimism grew ahead of its third-quarter 2025 earnings announcement, which was scheduled for the following week. The positive sentiment was supported by a consensus "Buy" rating from twelve analysts. Investors seemed to be buying shares in anticipation of a strong report. Market expectations were set for the company to announce earnings of $3.11 per share and revenue of $2.8357 billion for the quarter. This upbeat outlook contributed to the stock's advance as the reporting date drew closer.
Oshkosh is up 33.6% since the beginning of the year, but at $125.05 per share, it is still trading 12.8% below its 52-week high of $143.44 from August 2025. Investors who bought $1,000 worth of Oshkosh’s shares 5 years ago would now be looking at an investment worth $1,804.
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