PACCAR Inc. ($PCAR) Stock Forecast: Down 6.6% Today

What is PACCAR Inc.?

PACCAR Inc. (PCAR) is a commercial truck manufacturer and technology company that designs and manufactures premium trucks. The company operates through three segments: Truck, Parts, and Financial Services.

Why is PACCAR Inc. going down?

PCAR stock is down 6.6% on Jul 24, 2024 13:36

• PCAR stock witnessed a decrease in value today.
• The second-quarter financial results indicated a decrease in pre-tax profit from the Trucks and Financial Services divisions, falling short of both earnings per share (EPS) and revenue predictions.
• The stock's decline was influenced by the financial outcomes being below expectations, with both revenue and EPS missing estimates.
• Investors' response to the company's performance possibly triggered the negative movement in PCAR stock.

PCAR Price Chart

PCAR News

PACCAR''s (PCAR) Q2 Pre-Tax Profit From Trucks Unit Lags Estimates

PACCAR Inc.PCAR recorded earnings of $2.13 per share for the second quarter of 2024, which lagged the Zacks Consensus Estimate of $2.15 per share and also declined from $2.33 per share recorded in the year-ago period. The un

https://bankb.it/paccar-s-pcar-q2-pre-tax-profit-from-trucks-unit-lags-estimates-16736.html

PACCAR's ( PCAR ) Q2 Pre-Tax Profit From Trucks Unit Lags Estimates

PACCAR (PCAR) second-quarter earnings miss estimates amid lower-than-expected pre-tax profit from Trucks and Financial Services segments.

https://www.zacks.com/stock/news/2307249/paccars-pcar-q2-pre-tax-profit-from-trucks-unit-lags-estimates

PCAR Stock Earnings: PACCAR Misses EPS, Misses Revenue for Q2 2024

PACCAR (NASDAQ:PCAR) just reported results for the second quarter of 2024. PACCAR reported earnings per share of $2.13. This was below the analyst estimate for EPS of $2.14. The company reported revenue of $8.26 billion. This was 0.82% worse than the analyst estimate for revenue of $8.33 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/pcar-stock-earnings-paccar-for-q2-of-2024/

Why Is Commercial Truck Manufacturer PACCAR Stock Diving Today? - PACCAR ( NASDAQ:PCAR )

PACCAR Inc. PCAR shares are trading lower after the company reported worse-than-expected second-quarter financial results. Quarterly sales of $8.262 billion missed the street view of $8.329 billion. The company reported quarterly earnings per share of $2.13, missing the street view of $2.14.

https://www.benzinga.com/news/earnings/24/07/39911068/why-is-commercial-truck-manufacturer-paccar-stock-diving-today

PACCAR’s second-quarter profit falls on higher capital spend

(Reuters) - U.S. truckmaker PACCAR Inc reported a fall in its second-quarter profit on Tuesday, marginally missing estimates, hurt by inflationary pre…

https://kfgo.com/2024/07/23/paccars-second-quarter-profit-falls-on-higher-capital-spend/

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PACCAR Inc. Price History

29.07.2023 - PCAR Stock was down 4.4%

• The stock had a strong bearish movement today, possibly due to the negative market sentiment surrounding the company.
• The article mentioning Paccar's short percent of float falling could indicate a decrease in investor confidence, contributing to the bearish movement.
• The lack of positive news or earnings estimates in the articles could have also influenced the bearish market movement.
• Overall, the combination of negative market sentiment, a decrease in short percent of float, and lack of positive news may have contributed to the bearish movement of PCAR.

09.03.2024 - PCAR Stock was down 2.9%

• PCAR stock witnessed a notable decrease in value today.
• Despite a general market downturn, Paccar's stock showed a substantial drop.
• The 16.67% rise in Paccar's short interest is potentially linked to the stock's decline.
• The negative sentiment surrounding PCAR could be attributed to traders engaging in short selling and the increased short percent of float, influencing the bearish movement.

29.05.2023 - PCAR Stock was up 3.4%

• Today, PACCAR (PCAR) experienced a strong bullish movement. Here's what might have caused the market movement:
• Positive market sentiment: PACCAR's stock outpaced the overall stock market gains, indicating a positive sentiment among investors.
• Strong historical performance: Over the past 20 years, PACCAR has consistently outperformed the market, with an average annual return of 9.22%. This track record may have attracted investors to the stock.
• Market capitalization: PACCAR currently has a market capitalization of $40.75 billion, indicating its significance in the market. This may have contributed to the bullish movement as investors recognized the company's value.
• Overall, PACCAR's strong bullish movement today can be attributed to positive market sentiment, its strong historical performance, and its significant market capitalization.

01.06.2024 - PCAR Stock was down 2.2%

• PCAR stock showed a notable bearish trend today, which stood in contrast to the general market direction.
• A rating downgrade from buy to hold could have impacted investor confidence and played a part in the decrease in PCAR stock price.
• Despite the overall market decline, PCAR had recently demonstrated positive momentum, suggesting that the bearish movement observed today may be a temporary adjustment or influenced by internal company factors rather than market-wide conditions.

23.06.2024 - PCAR Stock was down 5.7%

• Despite achieving excellent revenues and profits in the second quarter, Paccar Inc. reported a decrease in profit that missed Street estimates, leading to a bearish market movement.
• The slight increase in PCAR stock price at the closing of the latest trading day was not enough to offset the overall negative sentiment in the market.
• Investors might have reacted negatively to the company's lower-than-expected bottom line and the comparative underperformance of the Madison Investors Fund in the second quarter.
• The discrepancy between the strong quarterly results and the market's reaction could indicate that investors were expecting even better performance, causing the bearish movement in PCAR stock.

23.06.2024 - PCAR Stock was down 10.5%

• PCAR stock experienced a bearish movement today following the company's second-quarter financial results.
• The earnings per share of $2.13 reported by PACCAR missed the analyst estimate of $2.14, indicating a slight underperformance in profitability.
• Additionally, the revenue of $8.26 billion fell short of the analyst estimate of $8.33 billion, reflecting a lower-than-expected sales performance.
• The market reaction suggests that investors were disappointed by PACCAR's financial results, leading to a decline in the stock price as they reevaluate the company's growth prospects in light of these figures.

23.06.2024 - PCAR Stock was down 6.6%

• PCAR stock experienced a bearish movement today.
• The company reported worse-than-expected second-quarter financial results, with quarterly sales of $8.262 billion missing street expectations.
• Despite revenue beating estimates at $8.77 billion, the earnings per share of $2.13 fell short of the projected $2.14, leading to investor disappointment.
• The market reacted negatively to the earnings miss, causing a decline in PCAR stock price as investors reassess the company's performance and future prospects.

24.06.2024 - PCAR Stock was down 6.6%

• PCAR stock witnessed a decrease in value today.
• The second-quarter financial results indicated a decrease in pre-tax profit from the Trucks and Financial Services divisions, falling short of both earnings per share (EPS) and revenue predictions.
• The stock's decline was influenced by the financial outcomes being below expectations, with both revenue and EPS missing estimates.
• Investors' response to the company's performance possibly triggered the negative movement in PCAR stock.