Oshkosh Faces Backlog and Earnings Concerns in StockStory Review

StockStory said Oshkosh’s declining backlog and per-share earnings weaken its investment case. The publisher cited a $14.75 billion backlog in the latest quarter and two years of annual EPS declines.

As of 17:12 UTC on Sept. 30, Oshkosh shares traded at $128.73, down 2.24% since the previous close. StockStory reported the shares had fallen 4.4% over six months, while the S&P 500 gained 21.1%.

The publisher said backlog, a measure of outstanding orders, had averaged 3.3% year-on-year declines over the past two years. It interpreted the decline as a sign the company may not be winning enough new orders, and said it could point to more competition or market saturation.

StockStory also cited a 16.3% average gross margin over five years. It said EPS fell 11.9% annually over two years, even as revenue grew 1.2%. The publisher called the valuation fair but said potential upside was limited compared with potential downside.