The Zacks Rank Explained: How to Find Strong Buy Auto, Tires and Trucks Stocks
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Oshkosh (OSK) for Your Portfolio?
Oshkosh was upgraded to the Zacks Rank #1 list on August 5, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Established in 1917, WI-based Oshkosh Corporation is a producer and seller of a varied range of vehicle bodies and specialty vehicles. It is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements. Oshkosh has manufacturing operations in the United States, Australia, Canada, China, France, Mexico and the United Kingdom, apart from the seven states of the United States.
For fiscal 2023, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.75 to $7.85 per share. OSK boasts an average earnings surprise of 27.5%.
Earnings are forecasted to see growth of 126.9% for the current fiscal year, and sales are expected to increase 15%.
Even more impressive, OSK has gained in value over the past four weeks, up 1.6% compared to the S&P 500's loss of 1.1%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Oshkosh could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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