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PACCAR Inc.’s (PCAR - Free Report) second-quarter 2019 earnings were $1.78 per share, missing the Zacks Consensus Estimate of $1.81. In second-quarter 2018, the company’s earnings per share were $1.59. This year-over-year improvement can be attributed to a record truck delivery and part sales.
The company posted quarterly consolidated net sales and revenues of $6.63 billion, up from the prior-year quarter figure of $5.81 billion.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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