Paccar (PCAR) ended the recent trading session at $122.50, demonstrating a -1.57% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq added 0.2%.
Heading into today, shares of the truck maker had gained 3.99% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 1.57% and the S&P 500's gain of 1.64%.
The upcoming earnings release of Paccar will be of great interest to investors. The company's earnings report is expected on July 28, 2026. The company's earnings per share (EPS) are projected to be $1.32, reflecting a 3.65% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $7.1 billion, indicating a 1.92% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $27.7 billion, indicating changes of +11.38% and +5.59%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Paccar. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 0.15% lower within the past month. As of now, Paccar holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Paccar has a Forward P/E ratio of 22.31 right now. This valuation marks a premium compared to its industry average Forward P/E of 18.61.
One should further note that PCAR currently holds a PEG ratio of 1.16. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.02.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>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 Report
This article originally published on Zacks Investment Research (zacks.com).