Paccar Inc reports results for the quarter ended March 31 - Earnings Summary

• Paccar Inc PCAR.OQ reported quarterly adjusted earnings of 96 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.27. The mean expectation of fifteen analysts for the quarter was for earnings of $1.58 per share. Wall Street expected results to range from $1.44 to $1.66 per share.

• Revenue fell 14.9% to $7.44 billion from a year ago; analysts expected $7.17 billion.

• Paccar Inc's reported EPS for the quarter was 96 cents​.

• The company reported quarterly net income of $505.1 million.

• Paccar Inc shares had fallen by 5.5% this quarter and lost 11.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 13 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "hold"

• Wall Street's median 12-month price target for Paccar Inc is $100.00

This summary was machine generated from LSEG data April 29 at 01:32 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)