最新ニュース PACCAR (NASDAQ:PCAR) 株価情報

PACCAR

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt (primarily sold in the NAFTA region and Australia), and DAF trucks (sold in Europe and South America). The company's trucks are sold through more than 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands roughly 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

PACCAR Inc

Citigroup analyst Kyle Menges maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Neutral and raises the price target from $110 to $120.

News

Price Target

Analyst Ratings

PCAR

Citigroup Maintains Neutral on PACCAR, Raises Price Target to $120

AGCO

REVG

Nebraska Files Antitrust Lawsuit Against Heavy-Duty Truck Manufacturers Over Plans To Restrict Diesel Truck Output In Favor Of EVs

PACCAR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NYSE">PCAR</a>) short percent of float has fallen 5.68% since its last report. The company recently reported that it has 13.54 million shares sold short, which is 2.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PACCAR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732029318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PACCAR has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing PACCAR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PACCAR's peer group average for short interest as a percentage of float is 6.39%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into PACCAR's Recent Short Interest

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3413e8bdcac50001edf857/janine-stichter">BTIG analyst Janine Stichter</a> upgraded the rating for On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) from Neutral to Buy and announced a $64 price target. On Holding shares closed at $52.62 on Tuesday. <a href="https://www.benzinga.com/quote/ONON/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst David Raso upgraded PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) from In-Line to Outperform and raised the price target from $99 to $129. PACCAR shares closed at $116.79 on Tuesday. <a href="https://www.benzinga.com/quote/PCAR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Josh Baer upgraded CCC Intelligent Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCS#NASDAQ">CCCS</a>) from Equal-Weight to Overweight and increased the price target from $14 to $15. CCC Intelligent Solutions shares closed at $11.50 on Tuesday. <a href="https://www.benzinga.com/quote/CCCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group analyst David Raso upgraded the rating for Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) from In-Line to Outperform and raised the price target from $294 to $408. Cummins shares closed at $355.08 on Tuesday. <a href="https://www.benzinga.com/quote/CMI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity analyst Maria Ripps upgraded Viant Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) from Hold to Buy and raised the price target from $13 to $18. Viant Technology shares closed at $13.52 on Tuesday. <a href="https://www.benzinga.com/quote/DSP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="551" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075530/image-132-1024x551.png" alt="" class="wp-image-645187" style="width:574px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075530/image-132-1024x551.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075530/image-132-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075530/image-132-768x413.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075530/image-132.png 1228w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

Pre-Market Outlook

Markets

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This Cummins Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

During the last three months, 9 analysts shared their evaluations of PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for PACCAR, revealing an average target of $115.33, a high estimate of $129.00, and a low estimate of $99.00. This upward trend is evident, with the current average reflecting a 2.57% increase from the previous average price target of $112.44.
<img src="https://www.benzinga.com/files/images/story/2024/1731499218_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive PACCAR. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$129.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Nick Housden</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$119.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$107.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$126.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$122.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kyle Menges</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$108.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$103.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$99.00</td>
<td>$109.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to PACCAR. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PACCAR compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of PACCAR's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into PACCAR's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PCAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PACCAR analyst ratings.</a>
<h2>Unveiling the Story Behind PACCAR</h2>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt (primarily sold in the NAFTA region and Australia), and DAF trucks (sold in Europe and South America). The company's trucks are sold through more than 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands roughly 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>PACCAR: Financial Performance Dissected</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Negative Revenue Trend: Examining PACCAR's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -5.25% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: PACCAR's net margin excels beyond industry benchmarks, reaching 11.8%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): PACCAR's ROE stands out, surpassing industry averages. With an impressive ROE of 5.35%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.3%, the company showcases effective utilization of assets.
Debt Management: PACCAR's debt-to-equity ratio is below the industry average at 0.83, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 9 Analyst Evaluations For PACCAR

Evercore ISI Group analyst David Raso upgrades PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) from In-Line to Outperform and raises the price target from $99 to $129.

Evercore ISI Group Upgrades PACCAR to Outperform, Raises Price Target to $129

WIIM

ALSN

ASTE

ATMU

CMCO

CVGI

EPAC

FELE

GTES

GTLS

LECO

NDSN

OFLX

PKOH

PLOW

PRLB

SHYF

SPXC

TAYD

Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

RBC Capital analyst Nick Housden reiterates PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Sector Perform and maintains $119 price target.

Reiteration

RBC Capital Reiterates Sector Perform on PACCAR, Maintains $119 Price Target

Black Phoenix Group Acquires PACCAR Winch From PACCAR; Terms Not Disclosed

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Craig-Hallum raised Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) price target from $35 to $43. Craig-Hallum analyst Richard Shannon maintained a Hold rating. Vicor shares closed at $43.44 on Tuesday. <a href="https://www.benzinga.com/quote/VICR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut the price target for Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) from $1,220 to $1,080. Barclays analyst Carter Gould maintained an Overweight rating. Regeneron Pharmaceuticals shares closed at $962.34 on Tuesday. <a href="https://www.benzinga.com/quote/REGN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna raised the price target for Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) from $280 to $285. Susquehanna analyst Bascome Majors maintained a Neutral rating. Norfolk Southern shares closed at $260.43 on Tuesday. <a href="https://www.benzinga.com/quote/BSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities raised Zions Bancorporation, National Association (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) price target from $52 to $57. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares settled at $52.51 on Tuesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc boosted Patrick Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) price target from $135 to $150. Keybanc analyst Brett Andress maintained an Overweight rating. Patrick Industries shares closed at $136.71 on Tuesday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised Wintrust Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) price target from $131 to $136. Piper Sandler analyst Nathan Race maintained an Overweight rating. Wintrust Financial shares closed at $114.76 on Tuesday. <a href="https://www.benzinga.com/quote/WTFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer raised the price target for Moody&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from $536 to $543. Oppenheimer analyst Owen Lau maintained an Outperform rating. Moody&#8217;s shares settled at $467.73 on Tuesday. <a href="https://www.benzinga.com/quote/MCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) price target from $135 to $126. Morgan Stanley analyst Angel Castillo maintained an Overweight rating. PACCAR shares closed at $104.79 on Tuesday. <a href="https://www.benzinga.com/quote/PCAR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) from $320 to $290. Baird analyst David Tarantino downgraded the stock from Outperform to Neutral. McDonald&#8217;s shares closed at $314.69 on Tuesday. <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) price target from $125 to $140. Rosenblatt analyst Kevin Cassidy maintained a Buy rating. Seagate shares closed at $112.64 on Tuesday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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PATK

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Seagate To Rally More Than 24%? Here Are 10 Top Analyst Forecasts For Wednesday

Truist Securities analyst Jamie Cook maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Hold and raises the price target from $103 to $107.

Truist Securities Maintains Hold on PACCAR, Raises Price Target to $107

Morgan Stanley analyst Angel Castillo maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Overweight and lowers the price target from $135 to $126.

Morgan Stanley Maintains Overweight on PACCAR, Lowers Price Target to $126

JP Morgan analyst Tami Zakaria maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Overweight and lowers the price target from $125 to $122.

JP Morgan Maintains Overweight on PACCAR, Lowers Price Target to $122

PACCAR Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Tuesday.</a>
The company reported third-quarter earnings per share of $1.85,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41449254/paccar-achieves-excellent-quarterly-revenues-and-profits" rel="noreferrer noopener"> beating the street view of $1.82</a>. Quarterly sales of $7.70 billion, beating the analyst consensus estimate of $7.65 billion.
PACCAR achieved net income of $972.1 million, compared to $1.23 billion in the same period last year.
Global truck deliveries in the quarter under review totaled 44,900 units, lower than 50,100 units in the year-ago period.
&#8220;Kenworth and Peterbilt&#8217;s strong 31.1% market share this year reflects the superior quality and operating performance of our trucks,&#8221; said Kevin Baney, PACCAR senior vice president. &#8220;Strong infrastructure spending in the U.S. has been good for Kenworth and Peterbilt&#8217;s business due to our market share leadership in vocational trucks.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41451228/tesla-q3-earnings-troy-teslike-gary-black-expects-eps-to-fall-below-estimates-but-d" rel="noreferrer noopener">Tesla Q3 Earnings: Troy Teslike, Gary Black Expects EPS To Fall Below Estimates But Dan Ives Is Optimistic About Elon Musk Addressing EV Demand, Autonomous Driving</a>
The company noted that the less-than-truckload segment is performing well, while the truckload segment is weak.
PACCAR estimates that U.S. and Canada Class 8 truck industry retail sales will be between 250,000 and 270,000 vehicles in 2024, and between 250,000 and 280,000 vehicles in 2025.
PACCAR will open its new 240,000 square-foot PDC in Massbach, Germany, in November. This PDC will expedite parts delivery to dealers and customers in the region.
The company exited the quarter with cash and equivalents worth $6.849 billion.
PACCAR estimates that it will invest $700 million &#8211; $800 million in capital projects and $480 million &#8211; $530 million in research and development expenses in 2025.
Price Action: PCAR shares are trading lower by 5.98% to $103.06&nbsp;at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41455012/genuine-parts-q3-earnings-industrial-weakness-and-europe-drag-on-profit-margins-shrink-lowers-annua" target="_blank" rel="noreferrer noopener">Genuine Parts Q3 Earnings: Industrial Weakness And Europe Drag On Profit, Margins Shrink, Lowers Annual Outlook</a></li>
</ul>

Earnings

Equities

Guidance

Movers

General

PACCAR Q3 Earnings Beat Estimates, Stock Dips Amid Lower Deliveries

PACCAR shares are trading lower. The company reported Q3 financial results.

PACCAR Expects To Invest $700M - $800M In Capital Projects And $480M - $530M In Research And Development Expenses In 2025

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.82 by 1.65 percent. This is a 20.94 percent decrease over earnings of $2.34 per share from the same period last year. The company reported quarterly sales of $7.70 billion which beat the analyst consensus estimate of $7.65 billion by 0.71 percent. This is a 6.41 percent decrease over sales of $8.23 billion the same period last year.

Earnings Beats

PACCAR Q3 2024 GAAP EPS $1.85 Beats $1.82 Estimate, Sales $7.70B Beat $7.65B Estimate

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) will release its quarterly earnings report on Tuesday, 2024-10-22. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate PACCAR to report an earnings per share (EPS) of $1.82.
Anticipation surrounds PACCAR's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.01, leading to a 1.85% increase in the share price the following trading session.
Here's a look at PACCAR's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.14</td>
<td>2.20</td>
<td>2.21</td>
<td>2.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.13</td>
<td>2.27</td>
<td>2.70</td>
<td>2.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>0.0%</td>
<td>-0.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729519349_0.png" alt="eps graph" />
<h3>PACCAR Share Price Analysis</h3>
Shares of PACCAR were trading at $110.09 as of October 18. Over the last 52-week period, shares are up 29.94%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<h3>Analyst Observations about PACCAR</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding PACCAR.
A total of 8 analyst ratings have been received for PACCAR, with the consensus rating being Neutral. The average one-year price target stands at $108.25, suggesting a potential 1.67% downside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Cummins, Westinghouse Air Brake and Allison Transmission, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Cummins, with an average 1-year price target of $329.88, suggesting a potential 199.65% upside.</li>
<li>Analysts currently favor an Outperform trajectory for Westinghouse Air Brake, with an average 1-year price target of $220.0, suggesting a potential 99.84% upside.</li>
<li>Allison Transmission received a Neutral consensus from analysts, with an average 1-year price target of $92.75, implying a potential 15.75% downside.</li>
</ul>
<h3>Snapshot: Peer Analysis</h3>
In the peer analysis summary, key metrics for Cummins, Westinghouse Air Brake and Allison Transmission are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>PACCAR</td>
<td>Neutral</td>
<td>-1.23%</td>
<td>$1.79B</td>
<td>6.49%</td>
</tr>
<tr>
<td>Cummins</td>
<td>Neutral</td>
<td>1.83%</td>
<td>$2.19B</td>
<td>7.80%</td>
</tr>
<tr>
<td>Westinghouse Air Brake</td>
<td>Outperform</td>
<td>9.85%</td>
<td>$874M</td>
<td>2.76%</td>
</tr>
<tr>
<td>Allison Transmission</td>
<td>Neutral</td>
<td>4.21%</td>
<td>$394M</td>
<td>13.23%</td>
</tr>
</tbody>
</table>

Key Takeaway:
PACCAR ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. PACCAR is at the top for Return on Equity.
<h3>All You Need to Know About PACCAR</h3>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt (primarily sold in the NAFTA region and Australia), and DAF trucks (sold in Europe and South America). The company's trucks are sold through more than 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands roughly 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>PACCAR: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, PACCAR faced challenges, resulting in a decline of approximately -1.23% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: PACCAR's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.8%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): PACCAR's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.49%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): PACCAR's ROA stands out, surpassing industry averages. With an impressive ROA of 2.75%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: PACCAR's debt-to-equity ratio is below the industry average at 0.81, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/PCAR/earnings">To track all earnings releases for PACCAR visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into PACCAR's Upcoming Earnings

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.
Analysts are estimating that PACCAR will report an earnings per share (EPS) of $1.82.
The announcement from PACCAR is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.01, leading to a 1.85% increase in the share price on the subsequent day.
Here's a look at PACCAR's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.14</td>
<td>2.20</td>
<td>2.21</td>
<td>2.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.13</td>
<td>2.27</td>
<td>2.70</td>
<td>2.34</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>0.0%</td>
<td>-0.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729519349_0_0.png" alt="eps graph" />
<h3>PACCAR Share Price Analysis</h3>
Shares of PACCAR were trading at $110.09 as of October 18. Over the last 52-week period, shares are up 29.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Observations about PACCAR</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding PACCAR.
The consensus rating for PACCAR is Neutral, based on 8 analyst ratings. With an average one-year price target of $108.25, there's a potential 1.67% downside.
<h3>Peer Ratings Comparison</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Cummins, Westinghouse Air Brake and Allison Transmission, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Neutral trajectory for Cummins, with an average 1-year price target of $329.88, indicating a potential 199.65% upside.</li>
<li>Analysts currently favor an Outperform trajectory for Westinghouse Air Brake, with an average 1-year price target of $220.0, suggesting a potential 99.84% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Allison Transmission, with an average 1-year price target of $92.75, suggesting a potential 15.75% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for Cummins, Westinghouse Air Brake and Allison Transmission, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>PACCAR</td>
<td>Neutral</td>
<td>-1.23%</td>
<td>$1.79B</td>
<td>6.49%</td>
</tr>
<tr>
<td>Cummins</td>
<td>Neutral</td>
<td>1.83%</td>
<td>$2.19B</td>
<td>7.80%</td>
</tr>
<tr>
<td>Westinghouse Air Brake</td>
<td>Outperform</td>
<td>9.85%</td>
<td>$874M</td>
<td>2.76%</td>
</tr>
<tr>
<td>Allison Transmission</td>
<td>Neutral</td>
<td>4.21%</td>
<td>$394M</td>
<td>13.23%</td>
</tr>
</tbody>
</table>

Key Takeaway:
PACCAR ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. PACCAR is at the bottom for Return on Equity.
<h3>All You Need to Know About PACCAR</h3>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt (primarily sold in the NAFTA region and Australia), and DAF trucks (sold in Europe and South America). The company's trucks are sold through more than 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands roughly 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>Unraveling the Financial Story of PACCAR</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, PACCAR faced challenges, resulting in a decline of approximately -1.23% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: PACCAR's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.8%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): PACCAR's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.49% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): PACCAR's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.75%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.81, PACCAR adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/PCAR/earnings">To track all earnings releases for PACCAR visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PACCAR's Earnings Outlook

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