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

Paccar Inc PCAR.OQ reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.13.  The mean expectation of fourteen analysts for the quarter was for earnings of $1.29 per share. Wall Street expected results to range from $1.20  to $1.40 per share.

Revenue fell 14.4% to $7.51 billion from a year ago; analysts expected $7.03 billion.

Paccar Inc's reported EPS for the quarter was $1.37​.

The company reported quarterly net income of $723.8 million.

Paccar Inc shares had fallen by 2.3% this quarter and lost 10.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 22.4% 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 4 "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is  "buy."

Wall Street's median 12-month price target for Paccar Inc is $102.00, about 8.9% above its last closing price of $92.91

This summary was machine generated from LSEG data July 22 at 01:31 p.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.291.37Beat
Mar. 31 20251.580.96Missed
Dec. 31 20241.691.66Missed
Sep. 30 20241.821.85Beat

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