Latest news with #PACCAR
Yahoo
6 days ago
- Business
- Yahoo
What To Expect From Wabash's (WNC) Q2 Earnings
Semi trailers and liquid transportation container manufacturer Wabash (NYSE:WNC) will be reporting results this Friday before market open. Here's what investors should know. Wabash missed analysts' revenue expectations by 7.1% last quarter, reporting revenues of $380.9 million, down 26.1% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts' expectations. Is Wabash a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Wabash's revenue to decline 21.2% year on year to $433.8 million, a further deceleration from the 19.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.34 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at Wabash's peers in the heavy machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Greenbrier delivered year-on-year revenue growth of 2.7%, beating analysts' expectations by 7.3%, and PACCAR reported a revenue decline of 15.7%, topping estimates by 2.6%. Greenbrier traded up 21.1% following the results while PACCAR was also up 8.9%. Read our full analysis of Greenbrier's results here and PACCAR's results here. There has been positive sentiment among investors in the heavy machinery segment, with share prices up 7.7% on average over the last month. Wabash is up 2.5% during the same time and is heading into earnings with an average analyst price target of $12.75 (compared to the current share price of $10.86). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
7 days ago
- Business
- Globe and Mail
Company News for Jul 23, 2025
Northrop Grumman Corp.'s ( NOC Shares of PACCAR Inc ( PCAR ) climbed 6.1% after the company reported second-quarter 2025 adjusted earnings of $1.37 per share, outpacing the Zacks Consensus Estimate of $1.28 per share. Lockheed Martin Corp.'s ( LMT ) shares plunged 10.8% after posting second-quarter 2025 revenues of $18,155 million, missing the Zacks Consensus Estimate of $18,564.72 million. Shares of Genuine Parts Co. ( GPC ) surged 7.6% after the company posted second-quarter 2025 adjusted earnings of $2.10 per share, beating the Zacks Consensus Estimate of $2.08 per share. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report
Yahoo
22-07-2025
- Automotive
- Yahoo
PACCAR CEO Optimistic About Growth Despite Soft Truckload Market, Tariff Concerns
PACCAR Inc. (NASDAQ:PCAR) shares surged higher on Tuesday after the truck manufacturer reported second-quarter earnings that beat analyst expectations, even as quarterly sales narrowly missed estimates and overall revenues declined year-over-year. The company reported second-quarter earnings per share of $1.37, beating the analyst consensus estimate of $1.34. Quarterly sales of $6.962 billion missed the Street view of $6.979 billion. Net sales and financial services revenues were $7.51 billion in the second quarter, compared to $8.77 billion in the second quarter of 2024. Also Read: Tesla's Battery Boom Faces A Global Shockwave—Thanks To Trump Investment income in the quarter under review decreased to $83.9 million from $95.8 million a year ago. View more earnings on PCAR 'PACCAR's investments in new trucks such as DAF's 2025 truck range, advanced manufacturing, and technology-enabled aftermarket solutions, will support customers' and the company's growth,' said Preston Feight, chief executive officer. The company exited the quarter with cash and marketable securities worth $8.279 billion, lower than $9.649 billion as of December 31, 2024. 'The North American truck market is being affected by economic conditions, the uncertain impact of tariffs, and a soft truckload market. Customer demand in the less-than-truckload and vocational segments, including construction, is good,' Feight added. According to Benzinga Pro, PCAR stock has lost over 11% in the past year. Investors can gain exposure to the stock via iShares Trust iShares U.S. Manufacturing ETF (NYSE:MADE). Price Action: PCAR shares are trading higher by 4.65% to $97.19 at last check Tuesday. Read Next: Photo by RYO Alexandre via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article PACCAR CEO Optimistic About Growth Despite Soft Truckload Market, Tariff Concerns originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
22-07-2025
- Automotive
- Yahoo
PACCAR beats quarterly estimates on strong parts demand
-U.S. truckmaker PACCAR beat second-quarter profit and revenue estimates on Tuesday, helped by strong demand in its aftermarket parts segment as more truckers opted to maintain their existing fleet. Shares of the Bellevue, Washington-based company rose 5% in the early hours following the results. Cautious U.S. truck operators have been deferring new purchases due to high interest rates and market uncertainty, fueling demand for aftermarket parts and services. "The North American truck market is being affected by economic conditions, the uncertain impact of tariffs and a soft truckload market," CEO Preston Feight said. However, this rise in demand for parts and services has benefitted manufacturers such as PACCAR, which have been leaning on aftermarket revenue to counter slower sales of new vehicles. PACCAR's revenue from the parts segment rose 3.4% to $1.72 billion during the second quarter from a year ago. The company, which designs and manufactures trucks under brand names Kenworth, Peterbilt and DAF, also relied on cost-saving measures to combat earlier headwinds from import duties. PACCAR reported quarterly adjusted profit of $1.37 per share, surpassing analysts' average estimate of $1.29, according to data compiled by LSEG. Its second-quarter revenue of $7.51 billion beat market expectations of $7.03 billion. Sign in to access your portfolio
Yahoo
22-07-2025
- Automotive
- Yahoo
PACCAR shares up after Q2 profit beat
-- PACCAR Inc posted second-quarter earnings that beat Wall Street expectations while navigating through a weaker truck market condition. Shares rose 2.25% to $93.50 in afternoon trading. The maker of Peterbilt, Kenworth and DAF trucks reported earnings of $1.37 per share for the quarter, down from $2.13 a year ago but ahead of the $1.29 analysts were expecting. Revenue fell to $7.51 billion from $8.77 billion last year, though it still came in above estimates of $7.03 billion. Net income dropped to $723.8 million from $1.12 billion in the prior-year quarter, when demand and pricing conditions were stronger across the truck market. PACCAR (NASDAQ:PCAR) said its parts and financial services divisions delivered strong performance in the quarter, with record sales from PACCAR Parts helping offset weaker trends in the broader truckload segment. The company said there was a more challenging outlook for the North American truck market amid macroeconomic uncertainty, tariffs and a soft truckload sector. However, it noted stable demand in vocational and less-than-truckload segments such as construction. PACCAR said it continues to invest in new truck platforms, advanced manufacturing, and aftermarket technologies to support long-term growth. Related articles PACCAR shares up after Q2 profit beat After soaring 149%, this stock is back in our AI's favor - & already +25% in July Surge of 50% since our AI selection, this chip giant still has great potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
