Paccar (PCAR) Q2 Earnings and Revenues Miss Estimates

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]