PACCAR (PCAR) Q1 Earnings On Par, Sales Beat Estimates
Zacks Investment Research | Apr 25, 2017 02:18AM ET
PACCAR Inc.’s (NASDAQ:PCAR) first-quarter 2017 earnings declined 48% to 88 cents per share from $1.69 recorded in the year-ago quarter. Earnings were on par with the Zacks Consensus Estimate of 88 cents. Results benefitted from rising truck production in North America and Europe, as well as record quarterly pre-tax profits in the PACCAR Parts segment.
Net sales and financial services revenues declined to $4.24 million from $4.3 million recorded in first-quarter 2016. Revenues in the reported quarter topped the Zacks Consensus Estimate of $3.93 billion.
PACCAR Inc. Price, Consensus and EPS Surprise
Auto Manufacturers-Domestic industry in the last six months. The company’s shares rallied 22.6% in the last six months, compared with a 16.5% gain recorded by the industry.
Zacks Rank & Key Picks
PACCAR currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the auto space include Tata Motors Ltd (NYSE:TTM) , CNH Industrial N.V. (NYSE:CNHI) and Volkswagen (DE:VOWG_p) AG (OTC:VLKAY) . All the three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Tata Motors has an expected long-term growth of 27.91%.
CNH Industrial has an expected long-term growth of 20%.
Volkswagen has an expected long-term growth of 16.8%.
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