PACCAR Q2 2024 GAAP EPS $2.13 Misses $2.14 Estimate, Sales $8.262B Miss $8.329B Estimate
Portfolio Pulse from Benzinga Newsdesk
PACCAR (NASDAQ:PCAR) reported Q2 2024 earnings of $2.13 per share, missing the analyst estimate of $2.14. Sales were $8.262 billion, also below the $8.329 billion estimate. Both earnings and sales decreased compared to the same period last year.
July 23, 2024 | 12:02 pm
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PACCAR's Q2 2024 earnings and sales both missed analyst estimates, with earnings per share at $2.13 versus the expected $2.14 and sales at $8.262 billion versus the expected $8.329 billion. Both metrics also showed a year-over-year decline.
The slight miss in both earnings and sales, combined with a year-over-year decline, is likely to negatively impact PACCAR's stock price in the short term. Investors often react unfavorably to missed estimates, even if the miss is marginal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100