There have been quite a few research analysts who have already started expecting PCAR to post sales of about $4.87 billion for this quarter. According to reports, three of the investment analysts have already provided their estimates on the earnings of PCAR, with the estimates ranging from $4.77 billion, all the way to $4.94 billion. The company had previously reported sales of $5.71 billion the previous year- which indicates an annual growth rate of about 14.7%. The company will be reporting its next earnings reports on the 26th of January.
The Quarterly Earnings of PCAR
PCAR previously updated its quarterly earnings results on the 20th of October. The company had reported an EPS of $1.11 for the previous quarter, which beat out the consensus estimate of $0.96. The revenue earned by the company was around $4.54 billion, which was more than the expectations of the analysts at around $4.40 billion. The company also has a net margin of about 7.95%, with a return on its equity set at 16.85%.
There have been quite a few research equities that have commented on the stocks of PCAR. Wells Fargo & Company has already increased the price target on the shares of the company from a sum of $95 to a sum of $110 while giving the stocks a rating of overweight. Zacks Investment Research has also given the stocks a rating of hold, which was previously a rating of strong buy, along with a price target of about $89.
Argus raised the ratings on PCAR from hold to buy, with a price rating of $108. Credit Suisse Group has also increased the price target on the shares of the company from $88 to $90 while giving the company a rating of neutral. In the end, Morgan Stanley also elevated the rating of the company from underweight, to a rating of equal weight- along with a price target of $96.
