Paccar (PCAR) Rises Higher Than Market: Key Facts

Paccar (PCAR) closed the most recent trading day at $98.66, moving +1.16% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.3%. Meanwhile, the Dow lost 0.48%, and the Nasdaq, a tech-heavy index, added 0.03%. The truck maker's shares have seen a decrease of 1.44% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 5.64% and the S&P 500's gain of 2.09%.Market participants will be closely following the financial results of Paccar in its upcoming release. The company is expected to report EPS of $1.14, down 38.38% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $6.06 billion, reflecting a 21.34% fall from the equivalent quarter last year. PCAR's full-year Zacks Consensus Estimates are calling for earnings of $5.27 per share and revenue of $26.33 billion. These results would represent year-over-year changes of -33.29% and -16.57%, respectively. Any recent changes to analyst estimates for Paccar should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Paccar is currently sporting a Zacks Rank of #4 (Sell). Digging into valuation, Paccar currently has a Forward P/E ratio of 18.52. Its industry sports an average Forward P/E of 14.43, so one might conclude that Paccar is trading at a premium comparatively. It is also worth noting that PCAR currently has a PEG ratio of 3.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Automotive - Domestic industry stood at 2.47 at the close of the market yesterday. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 164, positioning it in the bottom 34% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PACCAR Inc. (PCAR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks