Ahead of Paccar (PCAR) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

The upcoming report from Paccar (PCAR) is expected to reveal quarterly earnings of $1.28 per share, indicating a decline of 39.9% compared to the year-ago period. Analysts forecast revenues of $6.82 billion, representing a decline of 17.5% year over year.The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.That said, let's delve into the average estimates of some Paccar metrics that Wall Street analysts commonly model and monitor.The consensus among analysts is that 'Sales and Revenues- Parts' will reach $1.69 billion. The estimate suggests a change of +1.5% year over year.The combined assessment of analysts suggests that 'Sales and Revenues- Truck' will likely reach $5.00 billion. The estimate indicates a year-over-year change of -23.9%.The collective assessment of analysts points to an estimated 'Sales and Revenues- Other' of $19.80 million. The estimate points to a change of -2% from the year-ago quarter.Analysts forecast 'Sales and Revenues- Financial Services' to reach $511.00 million. The estimate indicates a change of +0.2% from the prior-year quarter.Analysts expect 'Truck deliveries - Total' to come in at 38,175 . Compared to the present estimate, the company reported 48,400 in the same quarter last year.According to the collective judgment of analysts, 'Truck deliveries - Other' should come in at 6,754 . Compared to the current estimate, the company reported 8,200 in the same quarter of the previous year.The consensus estimate for 'Truck deliveries - Europe' stands at 10,119 . Compared to the current estimate, the company reported 11,500 in the same quarter of the previous year.The average prediction of analysts places 'Truck deliveries - U.S and Canada' at 21,302 . The estimate compares to the year-ago value of 28,700 .It is projected by analysts that the 'Pretax Profit- Financial Services' will reach $107.09 million. The estimate compares to the year-ago value of $111.20 million.Analysts' assessment points toward 'Pretax Profit- Parts' reaching $407.62 million. Compared to the current estimate, the company reported $413.80 million in the same quarter of the previous year.Analysts predict that the 'Pretax Profit- Truck' will reach $339.90 million. The estimate compares to the year-ago value of $837.30 million. View all Key Company Metrics for Paccar here>>> Over the past month, shares of Paccar have returned +5.2% versus the Zacks S&P 500 composite's +4.2% change. Currently, PCAR carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PACCAR Inc. (PCAR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks