Oshkosh Corp Expects FY23 Net Sales of $9.65B (Prior $9.5B) Vs. $9.53B Est. and Adj EPS of $9.50 (Prior $8.00) Vs. $8.15 Est.
Portfolio Pulse from Benzinga Newsdesk
Oshkosh Corp has revised its fiscal 2023 expectations, projecting net sales of $9.65 billion, up from the previous estimate of $9.5 billion. The company also expects its adjusted earnings per share to be $9.50, an increase from the prior estimate of $8.00.
October 26, 2023 | 11:13 am
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Oshkosh Corp's upward revision of its FY23 net sales and adjusted EPS estimates could potentially boost investor confidence and positively impact its stock price in the short term.
Companies often see their stock prices increase when they raise their earnings and sales forecasts, as this signals to investors that the company is performing well and expects to continue doing so. In this case, Oshkosh Corp's upward revision of its FY23 net sales and adjusted EPS estimates could potentially boost investor confidence and positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100