Paccar (PCAR) closed the latest trading day at $99.17, indicating a +0.38% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%. Shares of the truck maker have appreciated by 3.05% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 6% and outperforming the S&P 500's gain of 1.65%. The investment community ...

In the latest market close, Paccar (PCAR) reached $96.32, with a -1.7% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. The truck maker's shares have seen an increase of 2.4% over the last month, not keeping up with the AutoTires-Trucks sector's gain of 2.42% and outstripping the S&P 500's gain of 1.57%. Market participants will be closely fo ...

Company Performance - Paccar (PCAR) closed at $95.70, reflecting a +0.61% change from the previous day, outperforming the S&P 500's daily gain of 0.13% [1] - Over the past month, Paccar's shares experienced a slight decline of 0.05%, underperforming the Auto-Tires-Trucks sector, which gained 6.71%, and the S&P 500, which gained 3.67% [1] Upcoming Earnings - Paccar's earnings report is scheduled for October 22, 2024, with projected EPS of $1.82, indicating a 22.22% decrease compared to the same quarter last year [2] - Revenue is expected to be $7.56 billion, reflecting an 8.13% decline from the corresponding quarter of the previous year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $8.08 per share and revenue of $31.84 billion, representing declines of -15.92% and -4.44% respectively from the previous year [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Paccar are crucial for investors, as positive revisions may indicate optimism about the company's outlook [3][4] - The Zacks Rank system, which evaluates estimated changes, currently ranks Paccar at 3 (Hold), with a consensus EPS projection that has decreased by 0.08% in the past 30 days [5] Valuation Metrics - Paccar is trading at a Forward P/E ratio of 11.78, which is below the industry average Forward P/E of 13.33 [6] - The company has a PEG ratio of 1.47, compared to the Automotive - Domestic industry's average PEG ratio of 1.42 [7] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [8]

Group 1 - Directed Technologies has been selected as the telematics supply partner for PACCAR Mexico, with their hardware and cloud-based solutions to be integrated into DAF trucks starting September 2024 [1] - PACCAR Mexico holds a significant 36% market share in the class 8 truck segment, and the 'PACCAR Connect' technology will enhance productivity, safety, and operational cost management for DAF Mexico customers [2] - Mexico is becoming a key hub for advanced electronics and vehicle manufacturing, with a shift from Asian production, and vehicles produced there are exported throughout North America and globally [3] Group 2 - The logistics environment in Mexico demands high standards for connected vehicle OEM solutions, which Directed Technologies' telematics devices are designed to meet [4] - The partnership with PACCAR Mexico highlights the ability to deliver secure telematics solutions tailored to the needs of fleet operators in emerging markets [5] - This partnership marks a significant milestone for Directed Technologies in its global expansion strategy, being the first Tier 1 OEM supply deal in Latin America [6] Group 3 - The collaboration with PACCAR Mexico is a strategic move for Directed Technologies, aligning with the ongoing shift of production from Asia to Mexico, which is critical for technological advancements in logistics and vehicle management [7]

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]

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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]