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PACCAR Inc. (PCAR - Free Report) , the leading manufacturer of heavy-duty trucks in the world, delivered adjusted earnings of $1.45 per share in the first quarter of 2018, surpassing the Zacks Consensus Estimate of $1.31. Moreover, earnings were also higher than year-ago figure of 88 cents.
Revenues
PACCAR posted quarterly consolidated net sales and revenues of revenue of $5.65 billion. Its revenue from the Truck, Parts and Other segment was $5.32 billion. The Zacks Consensus Estimate of revenue was $5.03 billion.
Estimate Trend & Surprise History
PACCAR has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 4.3%. Investors have been eagerly awaiting PACCAR’s latest earnings report to see whether it outperforms in this quarter.
We have highlighted some of the key stats from this Washington-based truck manufacturer’s earnings announcement below:
Key Stats/Developments to Note
Class 8 truck industry orders more than doubled in first-quarter 2018, on a year over year basis. This indicates robust economy and strong freight demand. The company has raised estimate of 2018 Class 8 truck industry retail sales for the U.S. and Canada to a range of 265,000-285,000 vehicles, up from the previous range of a range of 235,000-265,000 trucks.
Check back later for our full write up on PACCAR’s earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
PACCAR's (PCAR) Q1 Earnings Beat Estimates, Improve Y/Y
PACCAR Inc. (PCAR - Free Report) , the leading manufacturer of heavy-duty trucks in the world, delivered adjusted earnings of $1.45 per share in the first quarter of 2018, surpassing the Zacks Consensus Estimate of $1.31. Moreover, earnings were also higher than year-ago figure of 88 cents.
Revenues
PACCAR posted quarterly consolidated net sales and revenues of revenue of $5.65 billion. Its revenue from the Truck, Parts and Other segment was $5.32 billion. The Zacks Consensus Estimate of revenue was $5.03 billion.
Estimate Trend & Surprise History
PACCAR has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 4.3%. Investors have been eagerly awaiting PACCAR’s latest earnings report to see whether it outperforms in this quarter.
PACCAR Inc. Price and EPS Surprise
PACCAR Inc. Price and EPS Surprise | PACCAR Inc. Quote
Zacks Rank
PACCAR currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
We have highlighted some of the key stats from this Washington-based truck manufacturer’s earnings announcement below:
Key Stats/Developments to Note
Class 8 truck industry orders more than doubled in first-quarter 2018, on a year over year basis. This indicates robust economy and strong freight demand. The company has raised estimate of 2018 Class 8 truck industry retail sales for the U.S. and Canada to a range of 265,000-285,000 vehicles, up from the previous range of a range of 235,000-265,000 trucks.
Check back later for our full write up on PACCAR’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>