PACCAR's (PCAR) Q1 Earnings Beat Estimates, Improve Y/Y

PACCAR Inc. PCAR, the leading manufacturer of heavy-duty trucks in the world, delivered adjusted earnings of $1.45 per share in the first quarter of 2018, surpassing the Zacks Consensus Estimate of $1.31. Moreover, earnings were also higher than year-ago figure of 88 cents.

Revenues

PACCAR posted quarterly consolidated net sales and revenues of revenue of $5.

65 billion. Its revenue from the Truck, Parts and Other segment was $5.32 billion. The Zacks Consensus Estimate of revenue was $5.03 billion.

Estimate Trend & Surprise History

PACCAR has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 4.3%. Investors have been eagerly awaiting PACCAR’s latest earnings report to see whether it outperforms in this quarter.