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 ...

The market expects Paccar (PCAR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of bu ...

Paccar (PCAR) closed at $102.94 in the latest trading session, marking a -0.99% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.41% for the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. The truck maker's stock has dropped by 1.68% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 2.27% and the S&P 500's gain of 3.53%. The investment community will be closely monitoring the performance of Paccar in its fort ...

The truck maker's shares have seen a decrease of 3.17% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 4.91% and falling behind the S&P 500's gain of 2.73%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.36 per share and revenue of $32.58 billion. These totals would mark changes of -13.01% and -2.22%, respectively, from last year. Our research demonstrates that these adjustments in estimates directly associate with imminent stock ...

Coming into today, shares of the truck maker had gained 2.21% in the past month. In that same time, the AutoTires-Trucks sector lost 2.37%, while the S&P 500 gained 3.34%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.36 per share and revenue of $32.91 billion, indicating changes of -13.01% and -1.22%, respectively, compared to the previous year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. ...

In the latest market close, Paccar (PCAR) reached $106.72, with a +0.68% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.85% for the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq increased by 1.53%. Coming into today, shares of the truck maker had lost 1.96% in the past month. In that same time, the AutoTires-Trucks sector lost 2.37%, while the S&P 500 gained 3.11%. The upcoming earnings release of Pacca ...

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. It is also important to note the recent changes to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity toward ...