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Paccar (PCAR) closed the most recent trading day at $97.11, moving -1.23% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw an increase of 0.52%.
Coming into today, shares of the truck maker had lost 7.65% in the past month. In that same time, the Auto-Tires-Trucks sector lost 19.95%, while the S&P 500 lost 7.33%.
The upcoming earnings release of Paccar will be of great interest to investors. The company is predicted to post an EPS of $1.59, indicating a 29.96% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $7.05 billion, indicating a 14.34% decrease compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.39 per share and a revenue of $31.09 billion, indicating changes of -6.46% and -1.51%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Paccar. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.38% fall in the Zacks Consensus EPS estimate. As of now, Paccar holds a Zacks Rank of #3 (Hold).
In terms of valuation, Paccar is presently being traded at a Forward P/E ratio of 13.31. This signifies a premium in comparison to the average Forward P/E of 11.13 for its industry.
Meanwhile, PCAR's PEG ratio is currently 1.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Automotive - Domestic industry stood at 0.82 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 40% of over 250 industries.