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PACCAR Inc. PCAR is set to release third-quarter 2019 results before the opening bell on Oct 22. The current Zacks Consensus Estimate for the quarter is a profit of $1. 62 a share on revenues of $5. 86 billion. PACCAR's shares have gained around 26% year to date compared with the 4% rise recorded by the industry. Let's discuss the factors that are likely to have played key roles in the company's quarterly performance. Factors at Play Stellar economy and freight growth will likely have aided demand for PACCAR's Class 8 truck in the to-be-reported quarter. Per the company, global deliveries are expected to have improved 5-7%, year on year. The third-quarter gross margins for Truck, Parts and Other are expected to be in the 14. 5-15% range compared with the year-ago quarter's 14. 09%. The Zacks Consensus Estimate for PACCAR's third-quarter consolidated revenues is pegged at $5. 85 billion, suggesting year-over-year growth of 7. 98%. Higher build rates are anticipated to have boosted truck deliveries in North America.
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