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In the latest market close, Paccar (PCAR) reached $90.88, with a -1.6% movement compared to the previous day. This change was narrower than the S&P 500's 5.98% loss on the day. On the other hand, the Dow registered a loss of 5.5%, and the technology-centric Nasdaq decreased by 5.82%.
Shares of the truck maker witnessed a loss of 13.59% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 7.1% and the S&P 500's loss of 7.66%.
Market participants will be closely following the financial results of Paccar in its upcoming release. The company plans to announce its earnings on April 29, 2025. It is anticipated that the company will report an EPS of $1.59, marking a 29.96% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $7.05 billion, indicating a 14.34% decline compared to the corresponding quarter of the prior year.
PCAR's full-year Zacks Consensus Estimates are calling for earnings of $7.39 per share and revenue of $31.09 billion. These results would represent year-over-year changes of -6.46% and -1.51%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Paccar. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.38% lower within the past month. Paccar is currently a Zacks Rank #3 (Hold).
With respect to valuation, Paccar is currently being traded at a Forward P/E ratio of 12.5. For comparison, its industry has an average Forward P/E of 9.57, which means Paccar is trading at a premium to the group.
Meanwhile, PCAR's PEG ratio is currently 1.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Automotive - Domestic industry stood at 0.74 at the close of the market yesterday.