PACCAR IncPCAR
± MixedCapitalrelevance
PACCAR is about to report Q2 earnings; revenue expected flat YoY, but stock up 10.6% and trading above average price target, creating uncertainty.
Impact on stocks 1
Industrials
PACCAR IncPACCAR is set to report its quarterly results this Tuesday morning. Analysts expect the trucking company's revenue to be roughly flat year over year, an improvement from the 14.4% decline recorded in the same quarter last year. Last quarter, PACCAR missed revenue expectations with $6.78 billion, down 8.9% year on year, while earnings per share met estimates. The company rarely misses Wall Street's revenue estimates, and analysts have generally reconfirmed their forecasts over the past 30 days. PACCAR's stock is up 10.6% over the last month, heading into earnings with an average analyst price target of $128.44 compared to a current share price of $132.33.
PACCAR IncPACCAR is about to report Q2 earnings; revenue expected flat YoY, but stock up 10.6% and trading above average price target, creating uncertainty.