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Barchart
Barchart
Dipanjan Banchur

What to Expect From PACCAR’s Q2 2024 Earnings Report

Paccar PCAR

PACCAR Inc (PCAR), headquartered in Bellevue, Washington, designs, manufactures, and provides customer support of premium light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Valued at $52.89 billion by market cap, the company also designs and manufactures advanced diesel engines, provides financial services, information technology, and distributes truck parts. The leading truck maker is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, July 23.

Ahead of the event, analysts expect PCAR to report a profit of $2.13 per share on a diluted basis, down 8.6% from $2.33 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. In the previous quarter, PCAR surpassed the consensus estimates driven by the high demand for trucks and aftermarket parts.

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