We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Paccar (PCAR) Fell More Than Broader Market
Read MoreHide Full Article
Paccar (PCAR - Free Report) ended the recent trading session at $112.75, demonstrating a -2.24% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the truck maker have depreciated by 7.05% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 9.96%, and lagging the S&P 500's loss of 6.15%.
The upcoming earnings release of Paccar will be of great interest to investors. In that report, analysts expect Paccar to post earnings of $1.13 per share. This would mark a year-over-year decline of 22.6%. Our most recent consensus estimate is calling for quarterly revenue of $6.34 billion, down 8.34% from the year-ago period.
PCAR's full-year Zacks Consensus Estimates are calling for earnings of $5.53 per share and revenue of $27.29 billion. These results would represent year-over-year changes of +10.38% and +4.02%, respectively.
Any recent changes to analyst estimates for Paccar should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.03% fall in the Zacks Consensus EPS estimate. Paccar is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Paccar is holding a Forward P/E ratio of 20.86. This indicates a premium in contrast to its industry's Forward P/E of 12.84.
One should further note that PCAR currently holds a PEG ratio of 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic industry had an average PEG ratio of 0.97 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Paccar (PCAR) Fell More Than Broader Market
Paccar (PCAR - Free Report) ended the recent trading session at $112.75, demonstrating a -2.24% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the truck maker have depreciated by 7.05% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 9.96%, and lagging the S&P 500's loss of 6.15%.
The upcoming earnings release of Paccar will be of great interest to investors. In that report, analysts expect Paccar to post earnings of $1.13 per share. This would mark a year-over-year decline of 22.6%. Our most recent consensus estimate is calling for quarterly revenue of $6.34 billion, down 8.34% from the year-ago period.
PCAR's full-year Zacks Consensus Estimates are calling for earnings of $5.53 per share and revenue of $27.29 billion. These results would represent year-over-year changes of +10.38% and +4.02%, respectively.
Any recent changes to analyst estimates for Paccar should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.03% fall in the Zacks Consensus EPS estimate. Paccar is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Paccar is holding a Forward P/E ratio of 20.86. This indicates a premium in contrast to its industry's Forward P/E of 12.84.
One should further note that PCAR currently holds a PEG ratio of 0.97. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Domestic industry had an average PEG ratio of 0.97 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.