PACCAR (PCAR) Stock Up Ahead of Q2 Results

PACCAR (PCAR) stock is gaining late Monday afternoon ahead of the company’s 2016 second quarter earnings due out Tuesday morning.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of PACCAR (PCAR) - Get Report are increasing 1.4% to $55.77 late Monday afternoon ahead of the company's 2016 second quarter results due out before tomorrow's opening bell.

Analysts are modeling that earnings and revenue will decrease year-over-year.

Wall Street is expecting the Bellevue, WA-based company to report earnings of $1.02 per share on revenue of $4.18 billion.

During the same quarter last year, PACCAR earned $1.26 per diluted share on revenue of $4.79 billion.

The company designs, manufactures and provides customer support of high-quality premium trucks.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

This is driven by a number of strengths, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered.

Among the primary strengths of the company is its generally strong cash flow from operations.

The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PCAR

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