Paccar Falls 1.65% as Quarterly Earnings Estimates Come Into Focus

Paccar shares fell 1.65% to $109.96 in the latest session, underperforming the S&P 500, which lost 0.25%. The Dow also declined, while the Nasdaq rose 0.24%.

Over the past month, Paccar shares have lost 8.7%. The Auto-Tires-Trucks sector fell 2.07% over the same period, and the S&P 500 slipped 0.42%.

Ahead of the company’s next earnings report, Zacks consensus estimates call for earnings of $1.61 per share and revenue of $7.54 billion. Those figures would be up 43.75% and 23.48%, respectively, from the same quarter a year earlier.

For the full year, the consensus forecast is $5.91 per share in earnings and $28.61 billion in revenue. Those estimates represent year-over-year increases of 17.96% and 9.05%, respectively.