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PACCAR Inc. Message Board

  • slavoy01 slavoy01 Oct 31, 2013 9:54 AM Flag


    PCAR delivers nicely in the 3rd quarter and posts gains in both the top and bottom lines. Also, earnings per share beat analyst's expectations by $.02. Not exactly a blow out quarter, but good progress none-the-less.

    This is all overshadowed by management's forcast for lackluster 2014 new truck sales, and the stock drops 5%. Proving once again that a stock's price is determined by future earnings--or more precisely-- growth in future earnings. Again I ask, is it time to take some profits? Or, is PCAR trying to play it safe here by doing the old under promise/over deliver routine?

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    • IMHO…truck markets are hard to predict…especially this far out. The key is as always, how will this great company perform in the market that is handed to them. Market share, margins, finance penetration, etc. BTW..I do agree…a good/great solid Q3.

      Also, IMHO, the price drop was due to Cummins miss.

      Sentiment: Hold

      • 1 Reply to seekthesun1965
      • Good point. Cummins and Paccar stock prices started to decline at about the same time. A closer look,however,shows the Cummins miss was due to lower demand in the stationary power sector and global mining. CMI's on-highway sector sales were actually quite good...this should be a positive for PCAR. I keep comming back to expectations for slow economic growth in 2014 as the major problem for both companies and the market in general.

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