PCAR Stock Recent News

PACCAR (PCAR) pulls off a positive earnings surprise in the first quarter of 2024. Earnings and consolidated revenues (including trucks and financial services) increase year over year.

Although the revenue and EPS for Paccar (PCAR) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Paccar (PCAR) concluded the recent trading session at $111.96, signifying a -0.59% move from its prior day's close.

Besides Wall Street's top -and-bottom-line estimates for Paccar (PCAR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Paccar (PCAR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Paccar (PCAR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The Zacks Consensus Estimate for PACCAR's (PCAR) first-quarter earnings per share and revenues is pegged at $2.17 and $8.08 billion, respectively.

Paccar (PCAR) reachead $112.57 at the closing of the latest trading day, reflecting a +1.24% change compared to its last close.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Paccar (PCAR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.