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PACCAR's Earnings Outlook

PACCAR (NASDAQ:PCAR) 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.

Historical Earnings Performance

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:

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 are likely bullish 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.

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.

Peer Ratings Comparison

This ...