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Paccar (PCAR) Stock Moves -1.21%: What You Should Know
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Paccar (PCAR - Free Report) closed at $99.82 in the latest trading session, marking a -1.21% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.45%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 5.88%.
Heading into today, shares of the truck maker had lost 4.58% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 9.46% and lagging the S&P 500's loss of 1.68% in that time.
Investors will be hoping for strength from Paccar as it approaches its next earnings release. In that report, analysts expect Paccar to post earnings of $2.22 per share. This would mark year-over-year growth of 51.02%. Our most recent consensus estimate is calling for quarterly revenue of $6.99 billion, up 11.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.16 per share and revenue of $26.94 billion. These totals would mark changes of +53.38% and +23.4%, respectively, from last year.
Any recent changes to analyst estimates for Paccar should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Paccar is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Paccar is holding a Forward P/E ratio of 12.39. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.39.
Investors should also note that PCAR has a PEG ratio of 1.24 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PCAR's industry had an average PEG ratio of 1.16 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
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.
To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.
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Paccar (PCAR) Stock Moves -1.21%: What You Should Know
Paccar (PCAR - Free Report) closed at $99.82 in the latest trading session, marking a -1.21% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.45%. Meanwhile, the Dow lost 1.05%, and the Nasdaq, a tech-heavy index, lost 5.88%.
Heading into today, shares of the truck maker had lost 4.58% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 9.46% and lagging the S&P 500's loss of 1.68% in that time.
Investors will be hoping for strength from Paccar as it approaches its next earnings release. In that report, analysts expect Paccar to post earnings of $2.22 per share. This would mark year-over-year growth of 51.02%. Our most recent consensus estimate is calling for quarterly revenue of $6.99 billion, up 11.09% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.16 per share and revenue of $26.94 billion. These totals would mark changes of +53.38% and +23.4%, respectively, from last year.
Any recent changes to analyst estimates for Paccar should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Paccar is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Paccar is holding a Forward P/E ratio of 12.39. This represents a no noticeable deviation compared to its industry's average Forward P/E of 12.39.
Investors should also note that PCAR has a PEG ratio of 1.24 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PCAR's industry had an average PEG ratio of 1.16 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
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.
To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.