- Paccar’s fourth-quarter earnings per share (EPS) were $1.66, compared to $2.70 the previous year.
- Consolidated revenue for the quarter was $7.91 billion, marking a decrease of 13% compared to the same period last year.
- Revenue from trucks, parts, and other segments stood at $7.36 billion, a 14% drop year-over-year, closely meeting the estimated $7.37 billion.
- Financial Services revenue increased by 12% year-over-year to $544.3 million, surpassing the estimated $521.8 million.
- Global truck deliveries were 43,900 units, a decrease of 14% from the previous year, but exceeded the estimate of 41,861 units.
- Paccar’s pretax profit was $1.15 billion, down 30% year-over-year, slightly above the estimate of $1.14 billion.
- Research and Development (R&D) expenses rose by 5.9% year-over-year to $115.3 million, which was below the anticipated $124.7 million.
- Analyst ratings included 6 ‘buy’ recommendations, 11 ‘hold’ recommendations, and 3 ‘sell’ recommendations.
Paccar Inc on Smartkarma
Analyst coverage of Paccar Inc on Smartkarma by Baptista Research focuses on the company’s strong performance in the third quarter of 2024. Paccar, a well-known manufacturer of high-quality trucks and related services, reported robust financial results with impressive revenue and profit figures. The company’s earnings stood at $972 million on revenues of $8.2 billion, showcasing a remarkable after-tax return on revenue of 11.8%. According to Baptista Research, Paccar’s strategic positioning and operational efficiency are key drivers behind its growth in the industry.
A look at Paccar Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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
PACCAR Inc, a company specializing in the design, development, and distribution of trucks and related parts, is positioned for positive long-term growth as per the Smartkarma Smart Scores. With a solid score of 4 in Growth and Momentum, PACCAR Inc demonstrates strong potential for expanding its market presence and maintaining an upward trajectory in the future. Additionally, the company’s value is rated at 3, indicating a balanced valuation in relation to its industry peers.
While PACCAR Inc’s Dividend and Resilience scores are slightly lower at 2 and 3 respectively, the overall outlook remains optimistic due to the robust performance in growth and momentum factors. The company’s comprehensive suite of offerings, including finance and leasing services, underscores its resilience in navigating market challenges and capitalizing on emerging opportunities. Investors may find PACCAR Inc an attractive prospect for long-term investment based on its favorable Smartkarma Smart Scores across key factors.
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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