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Paccar (PCAR) Beats Stock Market Upswing: What Investors Need to Know
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Paccar (PCAR - Free Report) ended the recent trading session at $108.54, demonstrating a +2.5% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.86%, and the tech-heavy Nasdaq gained 0.17%.
The stock of truck maker has risen by 9.26% in the past month, leading the Auto-Tires-Trucks sector's loss of 4.16% and the S&P 500's loss of 0.06%.
Market participants will be closely following the financial results of Paccar in its upcoming release. In that report, analysts expect Paccar to post earnings of $1.05 per share. This would mark a year-over-year decline of 36.75%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.06 billion, indicating a 17.64% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.01 per share and a revenue of $26.05 billion, representing changes of -36.58% and -17.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.97% lower within the past month. Right now, Paccar possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Paccar is presently being traded at a Forward P/E ratio of 21.15. This signifies a premium in comparison to the average Forward P/E of 15.22 for its industry.
Investors should also note that PCAR has a PEG ratio of 14.49 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic industry currently had an average PEG ratio of 1.92 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 73, placing it within the top 30% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Paccar (PCAR) Beats Stock Market Upswing: What Investors Need to Know
Paccar (PCAR - Free Report) ended the recent trading session at $108.54, demonstrating a +2.5% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.86%, and the tech-heavy Nasdaq gained 0.17%.
The stock of truck maker has risen by 9.26% in the past month, leading the Auto-Tires-Trucks sector's loss of 4.16% and the S&P 500's loss of 0.06%.
Market participants will be closely following the financial results of Paccar in its upcoming release. In that report, analysts expect Paccar to post earnings of $1.05 per share. This would mark a year-over-year decline of 36.75%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.06 billion, indicating a 17.64% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.01 per share and a revenue of $26.05 billion, representing changes of -36.58% and -17.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.97% lower within the past month. Right now, Paccar possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Paccar is presently being traded at a Forward P/E ratio of 21.15. This signifies a premium in comparison to the average Forward P/E of 15.22 for its industry.
Investors should also note that PCAR has a PEG ratio of 14.49 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic industry currently had an average PEG ratio of 1.92 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 73, placing it within the top 30% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.