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PACCAR Inc.’s (PCAR - Free Report) third-quarter 2018 earnings were $1.55 per share, up from $1.14 recorded in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.50. Results were aided by robust global truck deliveries and aftermarket sales.
PACCAR posted quarterly consolidated net sales and revenues of $5.76 billion. Its adjusted revenues were $5.42 billion. The Zacks Consensus Estimate of revenues was $5.5 billion.
Revenues from the Truck, Parts and Other segment increased to $5.42 billion in third-quarter 2018 from $4.73 billion in third-quarter 2017. The segment’s pre-tax income increased to $573.6 million from $502.2 million recorded a year ago.
Revenues from the Financial Services segment rose to $339.9 million from $328.2 million a year ago. Pre-tax income increased to $78.8 million from $70.6 million in the year-ago quarter.
Financial Position
PACCAR’s cash and marketable debt securities amounted to $3.79 billion as of Sep 30, 2018, compared with $3.62 billion as of Dec 31, 2017.
Class 8 Truck View
In the United States and Canada, Class 8 truck industry retail sales are anticipated to be 280,000-290,000 vehicles in 2018, up 31% from the 2017 figure. For 2019, this is anticipated to be 280,000-310,000 vehicles.
Zacks Rank & Key Picks
PACCAR currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , AB Volvo (VLVLY - Free Report) and Navistar International Corporation . While both Allison Transmission and Volvo sport a Zacks Rank #1 (Strong Buy), Navistar has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 23.1%.
Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have risen 35.9%.
Navistar has an expected long-term growth rate of 5%. Over the past two years, shares of the company have risen 50.9%.
Today’s Stocks from Zacks’ Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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PACCAR (PCAR) Q3 Earnings Surpass Estimates, Improve Y/Y
PACCAR Inc.’s (PCAR - Free Report) third-quarter 2018 earnings were $1.55 per share, up from $1.14 recorded in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.50. Results were aided by robust global truck deliveries and aftermarket sales.
PACCAR posted quarterly consolidated net sales and revenues of $5.76 billion. Its adjusted revenues were $5.42 billion. The Zacks Consensus Estimate of revenues was $5.5 billion.
PACCAR Inc. Price, Consensus and EPS Surprise
PACCAR Inc. Price, Consensus and EPS Surprise | PACCAR Inc. Quote
Segmental Results
Revenues from the Truck, Parts and Other segment increased to $5.42 billion in third-quarter 2018 from $4.73 billion in third-quarter 2017. The segment’s pre-tax income increased to $573.6 million from $502.2 million recorded a year ago.
Revenues from the Financial Services segment rose to $339.9 million from $328.2 million a year ago. Pre-tax income increased to $78.8 million from $70.6 million in the year-ago quarter.
Financial Position
PACCAR’s cash and marketable debt securities amounted to $3.79 billion as of Sep 30, 2018, compared with $3.62 billion as of Dec 31, 2017.
Class 8 Truck View
In the United States and Canada, Class 8 truck industry retail sales are anticipated to be 280,000-290,000 vehicles in 2018, up 31% from the 2017 figure. For 2019, this is anticipated to be 280,000-310,000 vehicles.
Zacks Rank & Key Picks
PACCAR currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , AB Volvo (VLVLY - Free Report) and Navistar International Corporation . While both Allison Transmission and Volvo sport a Zacks Rank #1 (Strong Buy), Navistar has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allison Transmission has an expected long-term growth rate of 10%. Over the past six months, shares of the company have surged 23.1%.
Volvo has an expected long-term growth rate of 15%. Over the past two years, shares of the company have risen 35.9%.
Navistar has an expected long-term growth rate of 5%. Over the past two years, shares of the company have risen 50.9%.
Today’s Stocks from Zacks’ Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>