What to Expect from PACCAR's Next Quarterly Earnings Report

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 $51.3 billion, PACCAR operates through Truck, Parts, and Financial Services segments. It is expected to release its Q3 earnings before the market opens on Tuesday, Oct. 22.

Ahead of the event, analysts expect PACCAR to report a profit of $1.82 per share, down 22.2% from $2.34 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections thrice over the past four quarters while missing on one other occasion. Its adjusted EPS for the last reported quarter declined 8.6% year over year to $2.13 and missed the consensus estimates by a small margin.