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Insights Into Paccar (PCAR) Q3: Wall Street Projections for Key Metrics
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Wall Street analysts forecast that Paccar (PCAR - Free Report) will report quarterly earnings of $1.61 per share in its upcoming release, pointing to a year-over-year increase of 43.8%. It is anticipated that revenues will amount to $7.56 billion, exhibiting an increase of 23.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Paccar metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Sales and Revenues- Financial Services' at $561.27 million. The estimate indicates a year-over-year change of -0.7%.
Analysts' assessment points toward 'Sales and Revenues- Parts' reaching $1.79 billion. The estimate suggests a change of +3.8% year over year.
The combined assessment of analysts suggests that 'Sales and Revenues- Truck' will likely reach $5.59 billion. The estimate points to a change of +27.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Truck deliveries - Total' of 40,107 . The estimate is in contrast to the year-ago figure of 31,900 .
Analysts predict that the 'Truck deliveries - Other' will reach 5,266 . The estimate is in contrast to the year-ago figure of 4,700 .
The consensus estimate for 'Truck deliveries - Europe' stands at 10,729 . Compared to the present estimate, the company reported 10,100 in the same quarter last year.
Based on the collective assessment of analysts, 'Truck deliveries - U.S and Canada' should arrive at 24,112 . Compared to the present estimate, the company reported 17,100 in the same quarter last year.
According to the collective judgment of analysts, 'Pretax Profit- Financial Services' should come in at $131.79 million. The estimate is in contrast to the year-ago figure of $126.20 million.
It is projected by analysts that the 'Pretax Profit- Parts' will reach $468.18 million. Compared to the current estimate, the company reported $410.00 million in the same quarter of the previous year.
Analysts expect 'Pretax Profit- Truck' to come in at $317.37 million. Compared to the current estimate, the company reported $102.50 million in the same quarter of the previous year.
Shares of Paccar have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), PCAR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Paccar (PCAR) Q3: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Paccar (PCAR - Free Report) will report quarterly earnings of $1.61 per share in its upcoming release, pointing to a year-over-year increase of 43.8%. It is anticipated that revenues will amount to $7.56 billion, exhibiting an increase of 23.9% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Paccar metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Sales and Revenues- Financial Services' at $561.27 million. The estimate indicates a year-over-year change of -0.7%.
Analysts' assessment points toward 'Sales and Revenues- Parts' reaching $1.79 billion. The estimate suggests a change of +3.8% year over year.
The combined assessment of analysts suggests that 'Sales and Revenues- Truck' will likely reach $5.59 billion. The estimate points to a change of +27.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Truck deliveries - Total' of 40,107 . The estimate is in contrast to the year-ago figure of 31,900 .
Analysts predict that the 'Truck deliveries - Other' will reach 5,266 . The estimate is in contrast to the year-ago figure of 4,700 .
The consensus estimate for 'Truck deliveries - Europe' stands at 10,729 . Compared to the present estimate, the company reported 10,100 in the same quarter last year.
Based on the collective assessment of analysts, 'Truck deliveries - U.S and Canada' should arrive at 24,112 . Compared to the present estimate, the company reported 17,100 in the same quarter last year.
According to the collective judgment of analysts, 'Pretax Profit- Financial Services' should come in at $131.79 million. The estimate is in contrast to the year-ago figure of $126.20 million.
It is projected by analysts that the 'Pretax Profit- Parts' will reach $468.18 million. Compared to the current estimate, the company reported $410.00 million in the same quarter of the previous year.
Analysts expect 'Pretax Profit- Truck' to come in at $317.37 million. Compared to the current estimate, the company reported $102.50 million in the same quarter of the previous year.
View all Key Company Metrics for Paccar here>>>Shares of Paccar have demonstrated returns of -1.7% over the past month compared to the Zacks S&P 500 composite's no change. With a Zacks Rank #3 (Hold), PCAR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .