PACCAR IncPCAR
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Q2 earnings beat estimates and revenues rose, with analysts raising estimates.
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Industrials
PACCAR IncPaccar Shares Dip 3.5% Post-Earnings, Analysts Upbeat
Earnings
Paccar's shares have fallen 3.5% since its last earnings report, underperforming the S&P 500, but the company's second-quarter results beat expectations and estimates have trended upward. Paccar reported earnings of $1.43 per share, surpassing the Zacks Consensus Estimate of $1.33 by 7.5%, and a 4.4% increase from the year-ago quarter. Consolidated revenues rose to $7.55 billion from $7.1 billion, driven by record parts revenues and higher truck profitability, despite a 1.5% decline in global truck deliveries to 38,700 units. The company maintained its 2026 U.S. and Canada Class 8 industry retail sales forecast at 230,000-270,000 trucks, raised its European above 16-tonne registrations outlook to 290,000-330,000 units, and now expects capital expenditures between $700 million and $750 million. Paccar also projects third-quarter deliveries of approximately 42,000 trucks, up from 38,700 in the second quarter, and the consensus estimate has shifted 5.75% upward over the past month.
PACCAR IncQ2 earnings beat estimates and revenues rose, with analysts raising estimates.