The chart below shows how PCAR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PCAR sees a -0.89% change in stock price 10 days leading up to the earnings, and a +1.26% change 10 days following the report. On the earnings day itself, the stock moves by -0.74%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong After-Tax Return: PACCAR earned a strong $972 million on revenues of $8.2 billion for an industry-leading after-tax return on revenue of 11.8%.
PACCAR Parts Revenue Increase: PACCAR Parts' third quarter revenues increased 5% to $1.66 billion and pre-tax profits were $407 million.
Pre-Tax Income Achievement: PACCAR Financial earned pre-tax income of $107 million in the third quarter.
Truck Delivery Forecast: PACCAR delivered 44,900 trucks during the third quarter, with fourth quarter deliveries expected to be around 42,000 vehicles.
Strong Truck Performance in Brazil: PACCAR's premium lineup of trucks is performing well for customers in South America, especially in the important Brazilian market.
Negative
Quarterly Revenue Performance: PACCAR's third quarter revenue was $972 million on revenues of $8.2 billion for an industry-leading after-tax return on revenue of 11.8%.
PACCAR Parts Revenue Increase: PACCAR Parts' third quarter revenues increased 5% to $1.66 billion and pre-tax profits were $407 million.
Pre-Tax Income Achievement: PACCAR financial earned pre-tax income of $107 million in the third quarter.
Class 8 Truck Market Estimate: We estimate this year's U.S. and Canadian Class 8 market to be around 260,000 trucks and next year to be in the range of 250,000 to 280,000 vehicles.
Truck Delivery Forecast: PACCAR delivered 44,900 trucks during the third quarter. We expect fourth quarter deliveries to be around 42,000 vehicles.
PACCAR Inc (PCAR) Q3 2024 Earnings Call Transcript
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