Paccar (PCAR) Registers a Bigger Fall Than the Market: Important Facts to Note

Paccar stock fell 1.65% to $109.96, underperforming the S&P 500's 0.25% loss. The truck maker has declined 8.7% over the past month. However, the company is expected to report strong earnings growth of 43.75% EPS increase and 23.48% revenue growth year-over-year, with a Zacks Rank #2 (Buy) rating. The stock trades at a premium valuation with a Forward P/E of 18.93 versus the industry average of 15.79.