Company Performance - Paccar (PCAR) closed at $111.56, reflecting a -1.09% change from the previous day, underperforming the S&P 500's loss of 1.07% [1] - Over the past month, Paccar's shares have appreciated by 16.82%, significantly outperforming the Auto-Tires-Trucks sector's gain of 1.87% and the S&P 500's gain of 0.94% [1] Earnings Estimates - The upcoming earnings disclosure projects Paccar's earnings per share (EPS) at $1.05, indicating a 36.75% decrease from the same quarter last year [2] - Revenue is forecasted to be $6.06 billion, reflecting a 17.64% decline compared to the corresponding quarter of the prior year [2] - For the full year, analysts expect earnings of $5.01 per share and revenue of $26.05 billion, marking changes of -36.58% and -17.48% respectively from last year [3] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Paccar indicate the dynamic nature of near-term business trends, with positive revisions suggesting confidence in business performance [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Paccar at 3 (Hold) [6] - The Zacks Consensus EPS estimate has decreased by 0.49% over the past month [6] Valuation Metrics - Paccar's Forward P/E ratio stands at 22.53, indicating a premium compared to the industry average Forward P/E of 16.65 [7] - The company has a PEG ratio of 15.43, which is significantly higher than the average PEG ratio of 1.92 for the Automotive - Domestic industry [7] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 67, placing it in the top 28% 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]
Here's Why Paccar (PCAR) Fell More Than Broader Market