Concerns Send Oshkosh Stock On Roller Coaster Ride (OSK)

Despite blowing past analyst estimates, shares of Oshkosh Corporation OSK are trading down 2.56% at $33.50 per share during the Monday afternoon trading session. The day's trading range for shares of Oshkosh Corporation has been between $33.31 and $36.14 per share, with the stock price up 5% early in Monday's trading session. Analysts covering the company's stock give it a consensus price target of $45.57 per share. Volume of 2.5 million shares is already more than double the daily average volume of 1.4 million shares. Oshkosh Corporation (OSK) announced on Monday morning that it easily beat consensus Wall Street estimates. Oshkosh Corporation announced fiscal 3rd quarter earnings per share of $2.31, on revenue that doubled to $2.44 billion. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.92 per share, on revenue of $2.3 billion. Despite the stellar financial results, there are concerns that the company will not be able to keep up the performance because the results were fueled by a military contract that is coming to an end. Chairman and chief executive officer Robert G. Bohn said, "Looking forward to fiscal 2011, we expect that our defense segment performance will provide a solid foundation to what we anticipate will be a gradual economic recovery, although we will not attain defense segment revenue levels that approach our fiscal 2010 defense performance because we will have completed the bulk of our M-ATV shipments in fiscal 2010." Read more from Benzinga's Company news.