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.
Paccar (PCAR) Registers a Bigger Fall Than the Market: Important Facts to Note
Read MoreHide Full Article
Paccar (PCAR - Free Report) closed at $118.22 in the latest trading session, marking a -3.46% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
The stock of truck maker has fallen by 4.34% in the past month, lagging the Auto-Tires-Trucks sector's gain of 0.68% and the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Paccar in its forthcoming earnings report. The company's upcoming EPS is projected at $1.61, signifying a 43.75% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.54 billion, showing a 23.48% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.91 per share and revenue of $28.61 billion. These totals would mark changes of +17.96% and +9.05%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.03% rise in the Zacks Consensus EPS estimate. Right now, Paccar possesses a Zacks Rank of #2 (Buy).
Investors should also note Paccar's current valuation metrics, including its Forward P/E ratio of 20.73. This expresses a premium compared to the average Forward P/E of 17.48 of its industry.
One should further note that PCAR currently holds a PEG ratio of 1.4. 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 1.05.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Paccar (PCAR) Registers a Bigger Fall Than the Market: Important Facts to Note
Paccar (PCAR - Free Report) closed at $118.22 in the latest trading session, marking a -3.46% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
The stock of truck maker has fallen by 4.34% in the past month, lagging the Auto-Tires-Trucks sector's gain of 0.68% and the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Paccar in its forthcoming earnings report. The company's upcoming EPS is projected at $1.61, signifying a 43.75% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.54 billion, showing a 23.48% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.91 per share and revenue of $28.61 billion. These totals would mark changes of +17.96% and +9.05%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.03% rise in the Zacks Consensus EPS estimate. Right now, Paccar possesses a Zacks Rank of #2 (Buy).
Investors should also note Paccar's current valuation metrics, including its Forward P/E ratio of 20.73. This expresses a premium compared to the average Forward P/E of 17.48 of its industry.
One should further note that PCAR currently holds a PEG ratio of 1.4. 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 1.05.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.