The 10-second takeaway
For the quarter ended Dec. 31 (Q4), PACCAR met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share shrank significantly.
Margins shrank across the board.
PACCAR tallied revenue of $3.70 billion. The 16 analysts polled by S&P Capital IQ expected to see revenue of $3.66 billion on the same basis. GAAP reported sales were 18% lower than the prior-year quarter's $4.85 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 $0.69. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.69 per share. GAAP EPS of $0.72 for Q4 were 21% lower than the prior-year quarter's $0.91 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 13.3%, 30 basis points worse than the prior-year quarter. Operating margin was 8.8%, 80 basis points worse than the prior-year quarter. Net margin was 6.3%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.74 billion. On the bottom line, the average EPS estimate is $0.73.
Next year's average estimate for revenue is $16.24 billion. The average EPS estimate is $3.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 625 members out of 675 rating the stock outperform, and 50 members rating it underperform. Among 235 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 221 give PACCAR a green thumbs-up, and 14 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 $47.21.
Is PACCAR the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add PACCAR to My Watchlist.