Preview: PACCAR's Earnings
Portfolio Pulse from Benzinga Insights
PACCAR (NASDAQ:PCAR) is expected to release its quarterly earnings report on Tuesday, 2024-01-23, with an estimated EPS of $2.21. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, PACCAR's stock price has shown minor fluctuations after earnings releases, regardless of beating estimates. Shares are currently trading at $96.26, up 31.12% over the last 52 weeks, indicating a positive sentiment among long-term shareholders.
January 22, 2024 | 2:00 pm
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NEUTRAL IMPACT
PACCAR is anticipated to report quarterly earnings with investors focusing on potential earnings beat and future guidance. Historical data shows minor stock price movements post-earnings, despite beating estimates.
While PACCAR's earnings beat could positively influence the stock price, historical trends suggest that the stock may not experience significant movement post-earnings. The stock's positive performance over the past year may already reflect investor optimism, potentially limiting the impact of the earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100