Why Oshkosh (OSK) Shares Are Sliding Today

What Happened?

Shares of specialty vehicles contractor Oshkosh (NYSE:OSK) fell 2.7% in the afternoon session after the company reported mixed fourth-quarter results but issued a full-year 2026 profit forecast that fell short of Wall Street's expectations. 

The maker of special-purpose vehicles announced fourth-quarter adjusted earnings of $2.26 per share, which came in below the analyst forecast of $2.31. While sales of $2.69 billion for the quarter beat expectations, investors focused on the company's outlook. For the full year 2026, Oshkosh projected adjusted earnings of approximately $11.50 per share at the midpoint. This guidance missed analyst estimates by 6.7%. The weaker-than-hoped-for profit forecast appeared to be the main reason for the stock's decline.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Oshkosh? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Oshkosh’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 6 days ago when the stock dropped 2.5% on the news that the Dow Jones Industrial Average fell as much as 0.7%, reflecting lingering uncertainty, and capping off a volatile week which saw stocks enjoy some relief as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs. 

Threats of tariffs initially created uncertainty for businesses, as they can lead to higher costs for multinational corporations and disrupt global supply chains. By withdrawing the threat, the administration removed a significant headwind for the market, prompting a relief rally. This development was a key factor in helping major indexes recover from earlier losses, even as some analysts noted that underlying geopolitical risks and market volatility remain concerns for investors.

Oshkosh is up 8.6% since the beginning of the year, and at $143.56 per share, it is trading close to its 52-week high of $156.60 from January 2026. Investors who bought $1,000 worth of Oshkosh’s shares 5 years ago would now be looking at an investment worth $1,567.

While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our full research report, it’s free.