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Paccar (PCAR)
NASDAQ:PCAR
Holding PCAR?
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.69Last Year’s EPS
2.7Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 3.81%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with strong financial performance and market share gains countered by cost pressures and market challenges in Europe. The company's investments in expansion and innovation are positive, but supply chain and margin pressures pose challenges.Company Guidance
During the PCAR Q3 2024 earnings call, the executives provided detailed guidance on various metrics reflecting the company's strong performance and market outlook. PACCAR reported a robust $972 million in earnings on $8.2 billion in revenue, achieving an after-tax return on revenue of 11.8%. The company's Parts division saw a 5% increase in third-quarter revenues to $1.66 billion, with pretax profits of $407 million, while PACCAR Financial reported $107 million in pretax income. The projected U.S. and Canadian Class 8 market size for 2024 is about 260,000 trucks, with expectations for 2025 ranging between 250,000 and 280,000 vehicles. In Europe, registrations in the above 16-tonne segment are estimated at 300,000 vehicles for 2024, with a similar forecast for 2025. The company plans capital expenditures between $760 million and $800 million and R&D expenses of $450 million to $470 million for 2024, with increases expected in 2025. Additionally, PACCAR delivered 44,900 trucks in Q3 and anticipates around 42,000 deliveries in Q4, with expected gross margins for parts in Q4 between 15.5% and 16%.Strong Financial Performance
PACCAR earned $972 million on revenues of $8.2 billion, resulting in an industry-leading after-tax return on revenue of 11.8%.
Increased Market Share
Peterbilt and Kenworth combined Class 8 market share increased from 29.5% to 31.1%. Medium-duty market share rose from 14.5% to 17.2% in the first 9 months of the year.
Expansion and Innovation
PACCAR Parts opened a new distribution center in Germany, enhancing parts delivery. DAF introduced a new truck lineup improving fuel economy by 3%.
Robust Cash Flow and Investments
PACCAR generated $3.2 billion in operating cash flow and plans to invest between $700 million and $800 million in capital projects in 2025.
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PCAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $106.28 | $101.60 | -4.40% |
| Jul 23, 2024 | $105.40 | $93.85 | -10.96% |
| Apr 30, 2024 | $109.52 | $102.27 | -6.62% |
| Jan 23, 2024 | $93.33 | $97.10 | +4.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paccar (PCAR) report earnings?
Paccar (PCAR) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Paccar (PCAR) earnings time?
Paccar (PCAR) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCAR EPS forecast?
PCAR EPS forecast for the fiscal quarter 2024 (Q4) is 1.69.
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