NEW YORK (TheStreet) -- Oshkosh (OSK) - Get Oshkosh Corp Report was falling -12.4% to $46.58 Tuesday after missing analysts' expectations for earnings in the fiscal third quarter and lowering its full-year guidance.
For the third quarter Oshkosk reported $1.23 a share, missing the Capital IQ Consensus Estimate of $137 a share by 14 cents. Revenue fell -12.3% from the year-ago quarter to $1.93 billion. Analysts expected revenue of $1.94 billion for the quarter.
The company also cut its EPS estimates for the year to between $3.40 and $3.55 a share, down from its previous guidance of $3.40 to $3.65 a share.
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TheStreet Ratings team rates OSHKOSH CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate OSHKOSH CORP (OSK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.