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Paccar (PCAR) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Paccar (PCAR - Free Report) was down 1.36% at $95.57. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq decreased by 0.5%.
Shares of the truck maker have depreciated by 4.49% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 16.32%, and the S&P 500's gain of 2.74%.
Investors will be eagerly watching for the performance of Paccar in its upcoming earnings disclosure. On that day, Paccar is projected to report earnings of $1.14 per share, which would represent a year-over-year decline of 38.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.06 billion, indicating a 21.34% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.27 per share and a revenue of $26.33 billion, demonstrating changes of -33.29% and -16.57%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Paccar holds a Zacks Rank of #4 (Sell).
Digging into valuation, Paccar currently has a Forward P/E ratio of 18.4. This signifies a premium in comparison to the average Forward P/E of 14.59 for its industry.
Also, we should mention that PCAR has a PEG ratio of 3.89. 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. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 2.47.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Paccar (PCAR) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Paccar (PCAR - Free Report) was down 1.36% at $95.57. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq decreased by 0.5%.
Shares of the truck maker have depreciated by 4.49% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 16.32%, and the S&P 500's gain of 2.74%.
Investors will be eagerly watching for the performance of Paccar in its upcoming earnings disclosure. On that day, Paccar is projected to report earnings of $1.14 per share, which would represent a year-over-year decline of 38.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.06 billion, indicating a 21.34% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.27 per share and a revenue of $26.33 billion, demonstrating changes of -33.29% and -16.57%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Paccar holds a Zacks Rank of #4 (Sell).
Digging into valuation, Paccar currently has a Forward P/E ratio of 18.4. This signifies a premium in comparison to the average Forward P/E of 14.59 for its industry.
Also, we should mention that PCAR has a PEG ratio of 3.89. 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. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 2.47.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.