PACCAR-Paccar (PCAR) Advances While Market Declines: Some Information for Investors

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]