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Paccar (PCAR) Outpaces Stock Market Gains: What You Should Know
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Paccar (PCAR - Free Report) closed at $71.44 in the latest trading session, marking a +1.55% move from the prior day. This change outpaced the S&P 500's 1.3% gain on the day. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq added 7.48%.
Coming into today, shares of the truck maker had lost 7.06% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.91%, while the S&P 500 lost 2.95%.
Paccar will be looking to display strength as it nears its next earnings release. On that day, Paccar is projected to report earnings of $1.71 per share, which would represent year-over-year growth of 48.7%. Our most recent consensus estimate is calling for quarterly revenue of $7.63 billion, up 24.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $30.75 billion. These totals would mark changes of +6.26% and +12.57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Paccar. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Paccar is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Paccar currently has a Forward P/E ratio of 11.52. Its industry sports an average Forward P/E of 11.52, so we one might conclude that Paccar is trading at a no noticeable deviation comparatively.
Also, we should mention that PCAR has a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Paccar (PCAR) Outpaces Stock Market Gains: What You Should Know
Paccar (PCAR - Free Report) closed at $71.44 in the latest trading session, marking a +1.55% move from the prior day. This change outpaced the S&P 500's 1.3% gain on the day. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq added 7.48%.
Coming into today, shares of the truck maker had lost 7.06% in the past month. In that same time, the Auto-Tires-Trucks sector lost 10.91%, while the S&P 500 lost 2.95%.
Paccar will be looking to display strength as it nears its next earnings release. On that day, Paccar is projected to report earnings of $1.71 per share, which would represent year-over-year growth of 48.7%. Our most recent consensus estimate is calling for quarterly revenue of $7.63 billion, up 24.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.11 per share and revenue of $30.75 billion. These totals would mark changes of +6.26% and +12.57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Paccar. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Paccar is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Paccar currently has a Forward P/E ratio of 11.52. Its industry sports an average Forward P/E of 11.52, so we one might conclude that Paccar is trading at a no noticeable deviation comparatively.
Also, we should mention that PCAR has a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.37 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.