Paccar (PCAR) Stock Sinks As Market Gains: Here's Why

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. ...