- Paccar’s Q2 Truck, Parts, and Other revenue met the estimates.
- Q2 Earnings Per Share (EPS) was $2.13, down from $2.33 year-over-year (y/y).
- Consolidated revenue for Q2 was $8.77 billion, a decrease of 1.2% y/y.
- Truck, Parts, and Other revenue came in at $8.26 billion, down 2.1% y/y, but slightly above the estimate of $8.23 billion.
- Financial Services revenue was $509.8 million, up 16% y/y, outperforming the estimate of $492.9 million.
- Global truck deliveries totaled 48,400, a decline of 6.7% y/y, but above the estimate of 48,022.
- Pretax profit stood at $1.46 billion, down 6.9% y/y, aligning with the estimate of $1.46 billion.
- Research and Development (R&D) expenses were $117.1 million, a 16% increase y/y, but below the estimate of $124.6 million.
- In terms of analyst ratings: 6 buy, 12 hold, and 2 sell recommendations.
Paccar Inc on Smartkarma
Analyst coverage of Paccar Inc on Smartkarma by Baptista Research has been positive, with insights indicating a bullish sentiment. In the report titled “PACCAR Inc.: What Are The Market Share Growth Across Different Segments? – Major Drivers,” it is highlighted that Paccar saw a growth in market share, reaching 10.7% in the first quarter as compared to 8.6% in the same period last year. The popularity of DAF trucks in South America has been a key driver of growth for the company. Additionally, Paccar announced a commercial vehicle battery joint venture last year, further reflecting its strategic growth initiatives.
Another report by Baptista Research, titled “PACCAR Inc: Can The Newly Refreshed Product Lineup Change The Game? – Major Drivers,” showcased Paccar’s strong performance in the fourth quarter of 2023. The company reported record annual revenues of $35.1 billion and a net income of $4.6 billion, with an impressive after-tax return on revenue of 13.1%. This success was attributed to record deliveries of DAF, Kenworth, and Peterbilt trucks, as well as strong performance in the parts division and financial services segment. Overall, analysts are optimistic about Paccar’s growth prospects and the impact of its refreshed product lineup on the company’s future performance.
A look at Paccar Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the Smartkarma Smart Scores for Paccar Inc, the company is showing a mixed picture. Its growth score is the highest at 5, indicating a strong potential for expansion in the long term. This suggests that Paccar Inc may be focusing on strategic initiatives to drive future growth and increase its market presence.
However, other key factors like value, dividend, resilience, and momentum are more moderate, with scores ranging from 2 to 3. This indicates that while Paccar Inc is not performing poorly in these areas, there may be room for improvement to enhance its overall financial health and performance in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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