Paccar Inc reports results for the quarter ended in September 30 - Earnings Summary

PACCAR

23/10/2024 05:11

* Paccar Inc  PCAR.OQ  reported quarterly adjusted earnings
of
$1.85​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$2.34.  The mean expectation of fifteen analysts for the quarter
was for earnings of $1.82 per share. Wall Street expected
results to range from $1.77  to $1.89 per share.
    * Revenue fell 11.4% to $7.70 billion from a year ago;
analysts
expected $7.65 billion. 
    * Paccar Inc's reported EPS for the quarter was $1.85​.
    * The company reported quarterly net income of $972.1
million.
    * Paccar Inc shares had risen by 11.1% this quarter and
gained 12.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 14
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Paccar Inc is
116.50 
This summary was machine generated from LSEG data October 23 at
04:10 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.82           1.85           Beat
 Jun. 30 2024      2.14           2.13           Missed
 Mar. 31 2024      2.20           2.27           Beat
 Dec. 31 2023      2.22           2.70           Beat