Paccar (PCAR) Exceeds Market Returns: Some Facts to Consider

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]