Group 1 - Paccar's stock closed at $94.97, reflecting a +1.84% change from the previous trading day, outperforming the S&P 500's gain of 1.16% [1] - Over the past month, Paccar's stock has increased by 0.42%, which is below the Auto-Tires-Trucks sector's gain of 4.18% and the S&P 500's gain of 3.48% [1] Group 2 - Paccar is set to announce its earnings on October 22, 2024, with an expected EPS of $1.82, representing a 22.22% decline year-over-year [2] - The anticipated revenue for the same quarter is $7.56 billion, indicating an 8.13% decrease compared to the previous year [2] Group 3 - For the full year, earnings are projected at $8.08 per share and revenue at $31.84 billion, reflecting changes of -15.92% and -4.44% respectively from the prior year [3] Group 4 - Recent changes in analyst estimates for Paccar are crucial as they reflect the shifting dynamics of short-term business patterns, with positive revisions indicating analysts' confidence in the company's performance [4] Group 5 - The Zacks Rank system, which includes estimate changes, currently ranks Paccar at 3 (Hold), with a recent 0.1% increase in the Zacks Consensus EPS estimate [6] Group 6 - Paccar has a Forward P/E ratio of 11.54, which is lower than the industry average of 12.63, suggesting it is trading at a discount [7] - The company's PEG ratio is 1.44, compared to the average PEG ratio of 1.39 for the Automotive - Domestic industry [7] Group 7 - The Automotive - Domestic industry, which includes Paccar, has a Zacks Industry Rank of 149, placing it in the bottom 42% of over 250 industries [8]

Arrow symbol glowing amid black arrow symbols on black background. Horizontal composition with copy ... [+] space. Stock market and finance concept. getty I'm back again to give you another free stock pick, this time, from my Dividend Growth Model Portfolio. This stock checks a lot of boxes: quality risk/reward, excellent corporate governance and strong dividend growth. It is an extremely valuable pick. So, why would I give away something so valuable? The answer: 1. I genuinely believe in improving the inte ...

It has been about a month since the last earnings report for Paccar (PCAR) . Shares have lost about 2.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Paccar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. PACCAR Q2 Earnings Beat Estimates PACCAR recorded earni ...

Investment Rating - The report maintains an "Overweight" rating for the company [1][3]. Core Views - The company is experiencing a decline in profitability due to the fading pandemic benefits, with a 1.2% year-over-year decrease in revenue to $8.8 billion and an 8.1% drop in net profit to $1.12 billion in Q2 2024 [2][3]. - Truck deliveries decreased by 6.7% year-over-year to 48,400 units, while truck sales revenue fell by 3.7% to $6.58 billion [2][3]. - The company has lowered its industry sales guidance for North America and Canada to 240,000-280,000 units, down from the previous forecast of 250,000-290,000 units, marking the second downward revision this year [2][4]. - Despite the overall industry decline, the company has managed to increase its market share in North America from 27.7% to 31.5% year-over-year [2][3]. Market Data - As of August 5, 2024, the closing price is $91.93, with a total market capitalization of $48.192 billion and total assets of $41.177 billion [1]. - The company’s net assets stand at $17.703 billion, with a book value per share of $33.79 [1]. Financial Performance - The company reported a gross margin of 18% in Q2 2024, the lowest since 2023, and has guided for a further decline to 17% in Q3 2024 [2][3]. - The parts business saw a revenue increase of 4.1% to $1.66 billion, with a gross margin of 30.3% [2][3]. - The forecast for global industry sales in 2024 is a decline of 13.3% compared to 2023, with total expected sales of 605,000 to 695,000 units [2][4].

Consolidated revenues (including trucks and financial services) came in at $8.77 billion, down from $8.88 billion in the corresponding quarter of 2023. Sales from Trucks, Parts and Others were $8.26 billion. Financial Services segment revenues came in at $509.8 million, higher than the year-ago quarter's $439.8 million and our estimate of $507.5 million. Pre-tax income decreased to $111.2 million from $144.7 million reported in the year-ago period and also fell short of our projection of $142.3 million. PAC ...

Financial Performance - PACCAR achieved revenues of $8.7 billion in the second quarter of 2024 [175] - PACCAR Parts achieved pretax income of $414 million in the second quarter of 2024 [175] - Net income for the second quarter of 2024 was $1.123 billion [259] - PACCAR Financial Services' total assets reached $21.333 billion as of June 30, 2024 [197] - PACCAR achieved $22,500 net income per truck in 2023 [64] Market and Products - Trucking moves 72% of U S freight [78] - PACCAR produced 204,200 trucks in 2023 [42] - New Kenworth T680 features 7% greater fuel economy [21] - DAF's new truck models offer 10% greater fuel efficiency [31] Strategy and Investments - PACCAR has invested $7.8 billion in capital projects, new products, and technologies in the last decade [106] - PACCAR is investing in a battery cell joint venture with a total investment of $2-3 billion and a capacity of 21 GWh [126] - PACCAR has an average dividend yield of 3.8% over the last ten years [76]

Company Performance - Paccar reported quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share, and down from $2.33 per share a year ago [1] - The company posted revenues of $8.26 billion for the quarter, missing the Zacks Consensus Estimate by 0.58%, and down from $8.44 billion year-over-year [10] - Over the last four quarters, Paccar has surpassed consensus EPS estimates three times [3] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.99 on revenues of $7.82 billion, and for the current fiscal year, it is $8.35 on revenues of $32.29 billion [6] - The estimate revisions trend for Paccar is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [12] Industry Context - Paccar belongs to the Zacks Automotive - Domestic industry, which is currently in the bottom 21% of over 250 Zacks industries [13] - The performance of Paccar's stock may be influenced by the overall outlook for the automotive industry [13]

Exhibit 99.1 PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue, WA 98009 PACCAR Achieves Excellent Quarterly Revenues and Profits PACCAR earned net income of $1.12 billion ($2.13 per diluted share) in the second quarter compared to $1.22 billion ($2.33 per diluted share) earned in the same period last year. Second quarter net sales and financial services revenues were $8.77 billion, compared to $8.88 billion achieved in the second quarter of 2023. Financial Highlights – Second Quarter 2024 Highlig ...

Allison Transmission (ALSN) will release second-quarter 2024 results on Jul 25. The company has an Earnings ESP of +0.25% and a Zacks Rank #2. The Zacks Consensus Estimate for Allison's to-be-reported quarter's earnings and revenues is pegged at $2.03 per share and $790 million, respectively. ALSN surpassed earnings estimates in the trailing four quarters, with the average surprise being 14.3%. Zacks Rank: PCAR currently has a Zacks Rank #4 (Sell). Stocks to Consider average surprise being 39%. Cummins (CMI ...

pidjoe/iStock Unreleased via Getty Images How do we beat the S&P 500 (SPY)? A simple strategy is to be overweight on the top 10 names. But what if we want to selectively pick our stocks independently from the market cap, but solely base our choice on fundamentals? Paccar (NASDAQ:PCAR) is a stock that has beaten the index over the past five years and its shares have delivered a total return close to 160% while the S&P 500 is just above 100%. Interestingly, Paccar is not a big tech name and it is not related ...