◆ NeutralPCAR

Why Paccar (PCAR) Dipped More Than Broader Market Today

Zacks Investment Research·
Why Paccar (PCAR) Dipped More Than Broader Market Today

Paccar (PCAR) closed down 2.25% and has declined 10.76% over the past month, underperforming the S&P 500. The truck maker is expected to report strong earnings growth of 43.75% EPS increase and 23.48% revenue growth for the upcoming quarter. However, the stock carries a Zacks Rank #3 (Hold) rating with a Forward P/E of 18.51, trading at a premium to its industry average of 16.41.

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