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Barchart
Barchart
Aditya Sarawgi

PACCAR's Quarterly Earnings Preview: What You Need to Know

Bellevue, Washington-based PACCAR Inc. (PCAR) designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks for the over-the-road and off-highway hauling of commercial and consumer goods. With a market cap of $48.8 billion, PACCAR operates through Truck, Parts, and Financial Services segments.

The industrial sector giant is set to announce its Q3 results before the market opens on Tuesday, Oct. 21. Ahead of the event, analysts expect PACCAR to report a profit of $1.13 per share, down 38.9% from $1.85 per share reported in the year-ago quarter. The company has surpassed Wall Street’s bottom-line projections twice over the past four quarters while missing on two other occasions.

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