Paccar (PCAR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Paccar reported revenue of $7.7 billion for Q3 2024, a decrease of 6.4% year-over-year, with EPS at $1.85 compared to $2.34 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $7.57 billion by 1.80%, and EPS also surpassed the consensus estimate of $1.82 by 1.65% [1] Revenue and Earnings Performance - Truck deliveries totaled 44,900, exceeding the average estimate of 43,379 [1] - Parts revenue was $1.66 billion, slightly above the average estimate of $1.65 billion, reflecting a year-over-year increase of 4.8% [1] - Truck sales revenue was $6.03 billion, compared to the estimated $5.88 billion, but showed a decline of 9.2% year-over-year [1] - Financial Services revenue reached $536.10 million, surpassing the average estimate of $489.87 million, with a year-over-year growth of 15.5% [1] Profitability Metrics - Pretax profit from Financial Services was $106.50 million, slightly below the average estimate of $107.94 million [1] - Pretax profit from Parts was $406.70 million, exceeding the average estimate of $380.31 million [1] - Pretax profit from Truck was $630.80 million, which fell short of the average estimate of $685.15 million [1] Stock Performance - Paccar shares have returned +11% over the past month, outperforming the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [2]