In its upcoming report, Paccar (PCAR) is predicted by Wall Street analysts to post quarterly earnings of $1.82 per share, reflecting a decline of 22.2% compared to the same period last year. Revenues are forecasted to be $7.55 billion, representing a year-over-year decrease of 8.2%. The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Paccar (PCAR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if these key numbers are better than expec ...

Company Performance - Paccar's stock closed at $98.13, showing a +0.33% change from the previous day, outperforming the S&P 500 which fell by 0.13% [1] - Over the past month, Paccar's stock has increased by 3.34%, which is below the Auto-Tires-Trucks sector's gain of 10.12% and above the S&P 500's gain of 2.43% [1] Upcoming Financial Results - Paccar is set to announce its earnings on October 22, 2024, with an expected EPS of $1.82, reflecting a decrease of 22.22% from the same quarter last year [2] - The consensus estimate for quarterly revenue is $7.56 billion, down 8.13% from the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $8.08 per share and revenue of $31.8 billion, indicating declines of -15.92% and -4.54% respectively from the last year [3] - Recent adjustments to analyst estimates for Paccar are important as they reflect short-term business trends, with positive revisions indicating analyst optimism [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Paccar at 4 (Sell) [5] - Paccar's Forward P/E ratio is 12.11, which is lower than the industry average of 13.61, suggesting it is trading at a discount [6] - The company has a PEG ratio of 1.51, compared to the industry average of 1.45 [7] Industry Context - The Automotive - Domestic industry, which includes Paccar, has a Zacks Industry Rank of 167, placing it in the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

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]

MELBOURNE, Australia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Directed Technologies, a leading company in connected technology has been selected as telematics supply partner to PACCAR Mexico. Their secure, Australian-made factory-fit hardware and cloud-based fleet management solutions will be embedded in DAF trucks from September 2024. 'PACCAR Connect' technology, which has been widely adopted by PACCAR Australia across the class leading Kenworth and DAF range, will now be available to DAF Mexico customers to en ...

The most recent trading session ended with Paccar (PCAR) standing at $94.97, reflecting a +1.84% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq gained 1.16%. The truck maker's stock has climbed by 0.42% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 4.18% and the S&P 500's gain of 3.48%. Market participants will be closely following the financia ...

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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 ...