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Paccar's Q2 Earnings: Why It Beats The Market And What To Do Now
Seeking Alpha· 2024-07-17 21:15
pidjoe/iStock Unreleased via Getty Images How do we beat the S&P 500 (SPY)? A simple strategy is to be overweight on the top 10 names. But what if we want to selectively pick our stocks independently from the market cap, but solely base our choice on fundamentals? Paccar (NASDAQ:PCAR) is a stock that has beaten the index over the past five years and its shares have delivered a total return close to 160% while the S&P 500 is just above 100%. Interestingly, Paccar is not a big tech name and it is not related ...
Earnings Preview: Paccar (PCAR) Q2 Earnings Expected to Decline
ZACKS· 2024-07-16 15:07
The market expects Paccar (PCAR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of bu ...
Paccar (PCAR) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-06-28 23:05
Paccar (PCAR) closed at $102.94 in the latest trading session, marking a -0.99% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.41% for the day. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. The truck maker's stock has dropped by 1.68% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 2.27% and the S&P 500's gain of 3.53%. The investment community will be closely monitoring the performance of Paccar in its fort ...
Paccar (PCAR) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-06-24 23:21
The truck maker's shares have seen a decrease of 3.17% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 4.91% and falling behind the S&P 500's gain of 2.73%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.36 per share and revenue of $32.58 billion. These totals would mark changes of -13.01% and -2.22%, respectively, from last year. Our research demonstrates that these adjustments in estimates directly associate with imminent stock ...
Paccar (PCAR) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-06-18 23:05
Coming into today, shares of the truck maker had gained 2.21% in the past month. In that same time, the AutoTires-Trucks sector lost 2.37%, while the S&P 500 gained 3.34%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.36 per share and revenue of $32.91 billion, indicating changes of -13.01% and -1.22%, respectively, compared to the previous year. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. ...
Here's Why Paccar (PCAR) Gained But Lagged the Market Today
ZACKS· 2024-06-12 23:00
In the latest market close, Paccar (PCAR) reached $106.72, with a +0.68% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.85% for the day. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq increased by 1.53%. Coming into today, shares of the truck maker had lost 1.96% in the past month. In that same time, the AutoTires-Trucks sector lost 2.37%, while the S&P 500 gained 3.11%. The upcoming earnings release of Pacca ...
Paccar (PCAR) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-06-06 23:00
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. It is also important to note the recent changes to analyst estimates for Paccar. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity toward ...
Paccar (PCAR) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-05-30 23:01
Paccar (PCAR) closed at $105.75 in the latest trading session, marking a +0.48% move from the prior day. This change outpaced the S&P 500's 0.6% loss on the day. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a techheavy index, lost 1.08%. The truck maker's stock has dropped by 1.03% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 7.85% and lagging the S&P 500's gain of 3.15%. The upcoming earnings release of Paccar will be of great interest to investors. The company's earnings per share ...
Paccar (PCAR) International Revenue Performance Explored
Zacks Investment Research· 2024-05-06 20:06
Have you evaluated the performance of Paccar's (PCAR) international operations during the quarter that concluded in March 2024? Considering the extensive worldwide presence of this truck maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of ...
PACCAR(PCAR) - 2024 Q1 - Quarterly Report
2024-05-02 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 Delaware 91-0351110 (State or other jurisdiction of incorporation or organization) 777 - 106th Ave. N.E., Bellevue, WA 98004 (Address of principal executive offices) (Zip Code) (425) 468-7400 (Registrant's telephone number, including area code) OR ☐ Transition Report Pursuant to Section 13 or ...