PACCAR Inc. (PCAR Quick QuotePCAR - Free Report) , the leading manufacturer of heavy-duty trucks in the world, delivered earnings of $1.59 per share in the second quarter of 2018, surpassing the Zacks Consensus Estimate of $1.43. Moreover, earnings were also higher than year-ago figure of $1.06.

Revenues

PACCAR posted quarterly consolidated net sales and revenues of $5.81 billion. Its adjusted revenues were $5.47 billion. The Zacks Consensus Estimate of revenue was $5.43 billion.

Estimate Trend & Surprise History

PACCAR has beaten the Zacks Consensus Estimate in all the trailing four quarters with an average beat of around 6.9%. 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

During the quarter, PACCAR Parts set a record and posted revenues of $968 million, 18% higher than the $823.1 million achieved in the same period last year.

In the United States and Canada, Class 8 truck industry retail sales rose 32% year-to-date and are anticipated to be within the range of 265,000-285,000 vehicles in 2018.

Check back later for our full write up on PACCAR’s earnings report!

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