What Happened?

Shares of specialty vehicles contractor Oshkosh (NYSE: OSK) jumped 3.9% in the afternoon session after investor optimism grew ahead of its third-quarter 2025 earnings announcement, which was scheduled for the following week. The positive sentiment was supported by a consensus "Buy" rating from twelve analysts. Investors seemed to be buying shares in anticipation of a strong report. Market expectations were set for the company to announce earnings of $3.11 per share and revenue of $2.8357 billion for the quarter. This upbeat outlook contributed to the stock's advance as the reporting date drew closer.

After the initial pop the shares cooled down to $138.96, up 4% from previous close.

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What Is The Market Telling Us

Oshkosh’s shares are somewhat volatile and have had 11 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 10 days ago when the stock gained 3% on the news that its defense division unveiled a new family of autonomous military vehicles and secured a new order from the U.S. Army. Oshkosh Defense introduced its Family of Multi-Mission Autonomous Vehicles (FMAV) at the Association of the United States Army Annual Meeting. The company displayed three production-ready vehicle types designed for self-driving military missions. This development was aimed at supporting the U.S. Army's modernization efforts. In other positive news, Oshkosh also secured an $89 million order from the U.S. Army for its Palletized Load System vehicles. Following these developments, several financial firms reacted favorably, with UBS, DA Davidson, and KeyBanc all raising their price targets for the company's stock.

Oshkosh is up 48.5% since the beginning of the year, and at $138.96 per share, it is trading close to its 52-week high of $143.44 from August 2025. Investors who bought $1,000 worth of Oshkosh’s shares 5 years ago would now be looking at an investment worth $1,772.

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