Crypto Whales Are Loading Up — Are You?
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The outlook provided by the company is likely to percolate into other companies belonging to the same construction segment. As a result, volatile trading can be expected in the construction stocks, including: Caterpillar Inc. (NYSE: CAT), Joy Global Inc. (NYSE: JOY) and Cummins Inc. (NYSE: CMI).
Ahead of meeting analysts, Oshkosh indicated that it expects adjusted EPS to be $2.85–$3.00 on revenue of $6.1–$6.2 billion for the fiscal year 2016, which ends in September. Analysts expect the company to report EPS of $2.78 on revenue of $6.1 billion.
For the fiscal year 2017, the company established a fresh EPS projection of $3.00–$3.40 on revenue of $6.5–$6.7 billion. Analysts are looking for an EPS of $3.56 on $6.66 billion in revenue.
The company's president and CEO, Wilson Jones, commented, "Longer-term, we expect strong free cash flow over the cycle to provide capital allocation alternatives that will benefit our shareholders. We expect to achieve our fiscal 2017 estimates through the continued execution and evolution of our MOVE strategy, which has delivered for customers and shareholders alike over the last several years."
At Time Of Writing ...
- Caterpillar was down 0.73 percent at $82.89.
- Cummins was down 1.04 percent at $120.68.
- Joy Global was down 0.22 percent at $27.67.
- Oshkosh was down 8.28 percent at $52.19.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.