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Paccar (PCAR) Stock Sinks As Market Gains: What You Should Know
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Paccar (PCAR - Free Report) closed at $87.91 in the latest trading session, marking a -1.04% move from the prior day. This change lagged the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq lost 1.37%.
Coming into today, shares of the truck maker had gained 13.72% in the past month. In that same time, the Auto-Tires-Trucks sector gained 14.66%, while the S&P 500 gained 3.43%.
Paccar will be looking to display strength as it nears its next earnings release, which is expected to be July 25, 2023. The company is expected to report EPS of $2.12, up 53.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.21 billion, up 21% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.86 per share and revenue of $32.06 billion. These totals would mark changes of +36.7% and +17.38%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Paccar. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. Paccar currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Paccar currently has a Forward P/E ratio of 11.3. This represents a discount compared to its industry's average Forward P/E of 12.24.
We can also see that PCAR currently has a PEG ratio of 1.13. 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. PCAR's industry 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 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.
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Paccar (PCAR) Stock Sinks As Market Gains: What You Should Know
Paccar (PCAR - Free Report) closed at $87.91 in the latest trading session, marking a -1.04% move from the prior day. This change lagged the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.01%, and the tech-heavy Nasdaq lost 1.37%.
Coming into today, shares of the truck maker had gained 13.72% in the past month. In that same time, the Auto-Tires-Trucks sector gained 14.66%, while the S&P 500 gained 3.43%.
Paccar will be looking to display strength as it nears its next earnings release, which is expected to be July 25, 2023. The company is expected to report EPS of $2.12, up 53.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.21 billion, up 21% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.86 per share and revenue of $32.06 billion. These totals would mark changes of +36.7% and +17.38%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Paccar. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. Paccar currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Paccar currently has a Forward P/E ratio of 11.3. This represents a discount compared to its industry's average Forward P/E of 12.24.
We can also see that PCAR currently has a PEG ratio of 1.13. 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. PCAR's industry 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 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.