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Paccar (PCAR) closed the latest trading day at $98.32, indicating a -1.28% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.33%.
The truck maker's shares have seen a decrease of 7.11% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 20.08% and the S&P 500's loss of 7.48%.
The investment community will be paying close attention to the earnings performance of Paccar in its upcoming release. The company is forecasted to report an EPS of $1.59, showcasing a 29.96% downward movement from the corresponding quarter of the prior 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 $7.48 per share and revenue of $31.09 billion. These results would represent year-over-year changes of -5.32% and -1.51%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.17% fall in the Zacks Consensus EPS estimate. Paccar is currently a Zacks Rank #3 (Hold).
Digging into valuation, Paccar currently has a Forward P/E ratio of 13.32. This expresses a premium compared to the average Forward P/E of 11.13 of its industry.
Meanwhile, PCAR's PEG ratio is currently 1.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry had an average PEG ratio of 0.82 as trading concluded yesterday.