PACCAR (Nasdaq: PCAR ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), PACCAR missed slightly on revenue and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins grew across the board.
PACCAR chalked up revenue of $4.19 billion. The 13 analysts polled by S&P Capital IQ wanted to see a top line of $4.26 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $3.96 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.83. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $0.83 for Q2 were 28% higher than the prior-year quarter's $0.65 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.3%, 90 basis points better than the prior-year quarter. Operating margin was 9.9%, 120 basis points better than the prior-year quarter. Net margin was 6.7%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.00 billion. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $17.02 billion. The average EPS estimate is $3.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 633 members out of 681 rating the stock outperform, and 48 members rating it underperform. Among 193 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give PACCAR a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PACCAR is outperform, with an average price target of $51.68.
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