PACCAR Q4 EPS $2.70 Beats $2.21 Estimate, Sales $8.59B Beat $8.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
PACCAR Inc. (NASDAQ:PCAR) reported Q4 earnings of $2.70 per share, surpassing the consensus estimate of $2.21 by 22.17% and marking a 53.41% increase from the previous year. Sales reached $8.59 billion, exceeding estimates of $8.34 billion by 3.02% and showing an 11.08% increase from the same period last year.
January 23, 2024 | 1:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PACCAR Inc. reported strong Q4 earnings and sales, beating analyst estimates on both fronts and showing significant year-over-year growth.
PACCAR's earnings and sales beat is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The significant beat on both EPS and sales, coupled with the year-over-year growth, suggests strong company performance and may lead to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100