Insights into PACCAR's Upcoming Earnings

PACCAR (NASDAQ:PCAR) 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.

Past Earnings Performance

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:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.14

2.20

2.21

2.12

EPS Actual

2.13

2.27

2.70

2.34

Price Change %

2.0%

0.0%

-0.0%

-0.0%

PACCAR Share Price Analysis

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.

Analyst Observations about PACCAR

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.

Analyzing Analyst Ratings Among ...