Subtext

PACCAR Inc PCAR

SectorIndustrials
Transcripts71
Date range2007-10-24 – 2025-04-29
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-24-12+0+12+242007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +20.02007 Q4 · Overall: +16.72008 Q1 · Overall: +13.12008 Q2 · Overall: +10.72008 Q3 · Overall: +2.72008 Q4 · Overall: +2.52009 Q1 · Overall: +4.82009 Q2 · Overall: +1.02009 Q3 · Overall: +11.32009 Q4 · Overall: +7.82010 Q1 · Overall: +12.82010 Q2 · Overall: +16.22010 Q3 · Overall: +14.72010 Q4 · Overall: +13.12011 Q1 · Overall: +11.32011 Q2 · Overall: +7.72011 Q3 · Overall: +13.02011 Q4 · Overall: +12.72012 Q1 · Overall: +18.02012 Q2 · Overall: +11.52012 Q3 · Overall: +8.82012 Q4 · Overall: +12.02013 Q1 · Overall: +15.62013 Q2 · Overall: +15.62013 Q3 · Overall: +14.62013 Q4 · Overall: +17.42014 Q1 · Overall: +12.52014 Q2 · Overall: +11.82014 Q3 · Overall: +15.92014 Q4 · Overall: +16.22015 Q1 · Overall: +17.62015 Q2 · Overall: +11.32015 Q3 · Overall: +10.32015 Q4 · Overall: +18.72016 Q1 · Overall: +18.32016 Q2 · Overall: +15.72016 Q3 · Overall: +12.32016 Q4 · Overall: +15.52017 Q1 · Overall: +14.12017 Q2 · Overall: +10.42017 Q3 · Overall: +9.12017 Q4 · Overall: +11.12018 Q1 · Overall: +11.82018 Q2 · Overall: +8.32018 Q3 · Overall: +9.82018 Q4 · Overall: +16.12019 Q1 · Overall: +16.12019 Q2 · Overall: +12.72019 Q3 · Overall: +6.42019 Q4 · Overall: +14.42020 Q1 · Overall: +10.32020 Q2 · Overall: +16.22020 Q3 · Overall: +10.02020 Q4 · Overall: +18.12021 Q1 · Overall: +15.22021 Q2 · Overall: +18.22021 Q3 · Overall: +14.42021 Q4 · Overall: +15.32022 Q1 · Overall: +13.42022 Q2 · Overall: +16.12022 Q3 · Overall: +15.22022 Q4 · Overall: +18.82023 Q1 · Overall: +21.32023 Q2 · Overall: +16.02023 Q3 · Overall: +15.12023 Q4 · Overall: +15.32024 Q1 · Overall: +14.52024 Q2 · Overall: +13.02024 Q3 · Overall: +11.02024 Q4 · Overall: +17.82025 Q1 · Overall: +9.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-55-27+0+27+552007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · CEO: +28.32007 Q4 · CEO: +29.32008 Q2 · CEO: +18.82008 Q3 · CEO: +14.82008 Q4 · CEO: +13.62009 Q1 · CEO: +9.22009 Q2 · CEO: +15.22009 Q3 · CEO: +25.12009 Q4 · CEO: +19.72010 Q1 · CEO: +20.02010 Q2 · CEO: +26.82010 Q3 · CEO: +24.92010 Q4 · CEO: +24.52011 Q1 · CEO: +21.02011 Q2 · CEO: +18.92011 Q3 · CEO: +23.62011 Q4 · CEO: +19.92012 Q1 · CEO: +28.52012 Q2 · CEO: +23.52012 Q3 · CEO: +21.52012 Q4 · CEO: +25.02013 Q1 · CEO: +25.72013 Q2 · CEO: +28.32013 Q3 · CEO: +27.12013 Q4 · CEO: +32.82014 Q1 · CEO: +35.82014 Q2 · CEO: +24.12014 Q3 · CEO: +30.12014 Q4 · CEO: +35.02015 Q1 · CEO: +32.22015 Q2 · CEO: +25.52015 Q3 · CEO: +23.42015 Q4 · CEO: +34.62016 Q1 · CEO: +30.02016 Q2 · CEO: +31.42016 Q3 · CEO: +26.02016 Q4 · CEO: +25.62017 Q1 · CEO: +23.62017 Q2 · CEO: +21.82017 Q3 · CEO: +18.52017 Q4 · CEO: +25.02018 Q1 · CEO: +24.72018 Q2 · CEO: +22.22018 Q3 · CEO: +19.62018 Q4 · CEO: +25.22019 Q1 · CEO: +22.82019 Q2 · CEO: +27.52019 Q3 · CEO: +20.22019 Q4 · CEO: +27.12020 Q1 · CEO: +26.22020 Q2 · CEO: +28.42020 Q3 · CEO: +22.62020 Q4 · CEO: +31.42021 Q1 · CEO: +26.82021 Q2 · CEO: +32.72021 Q3 · CEO: +25.02021 Q4 · CEO: +34.12022 Q1 · CEO: +23.02022 Q2 · CEO: +30.82022 Q3 · CEO: +30.52022 Q4 · CEO: +33.92023 Q1 · CEO: +34.02023 Q2 · CEO: +27.22023 Q3 · CEO: +27.12023 Q4 · CEO: +27.52024 Q1 · CEO: +28.72024 Q2 · CEO: +26.62024 Q3 · CEO: +23.02024 Q4 · CEO: +30.72025 Q1 · CEO: +18.02010 Q2 · CFO: +8.02010 Q3 · CFO: +8.52010 Q4 · CFO: +8.52011 Q1 · CFO: +8.72011 Q2 · CFO: +8.62011 Q3 · CFO: +8.52013 Q1 · CFO: +0.02013 Q2 · CFO: +5.02013 Q4 · CFO: +7.62014 Q1 · CFO: +16.52014 Q2 · CFO: +21.22014 Q3 · CFO: +23.52015 Q2 · CFO: +47.62015 Q3 · CFO: +0.02016 Q1 · CFO: +0.02016 Q3 · CFO: +21.02016 Q4 · CFO: +15.02017 Q2 · CFO: +0.02017 Q3 · CFO: +8.82017 Q4 · CFO: +15.52018 Q1 · CFO: +0.02018 Q2 · CFO: +45.52018 Q3 · CFO: +16.42018 Q4 · CFO: +21.42019 Q1 · CFO: +15.12019 Q2 · CFO: +12.82019 Q3 · CFO: +16.42019 Q4 · CFO: +23.52020 Q1 · CFO: +17.02020 Q2 · CFO: +18.32020 Q3 · CFO: +17.42020 Q4 · CFO: +29.12021 Q1 · CFO: +27.32021 Q2 · CFO: +30.52021 Q3 · CFO: +22.32021 Q4 · CFO: +18.32022 Q1 · CFO: +27.52022 Q2 · CFO: +36.52022 Q3 · CFO: +32.22022 Q4 · CFO: +24.32023 Q1 · CFO: +34.92023 Q2 · CFO: +28.82023 Q3 · CFO: +33.02023 Q4 · CFO: +29.32024 Q1 · CFO: +14.72024 Q2 · CFO: +31.62024 Q3 · CFO: +18.22024 Q4 · CFO: +31.32025 Q1 · CFO: +26.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-64-32+0+32+642007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: +28.92007 Q4 · Prepared remarks: +26.72008 Q1 · Prepared remarks: +14.62008 Q2 · Prepared remarks: +23.42008 Q3 · Prepared remarks: +27.62008 Q4 · Prepared remarks: +9.92009 Q1 · Prepared remarks: +18.82009 Q2 · Prepared remarks: +21.12009 Q3 · Prepared remarks: +37.92009 Q4 · Prepared remarks: +27.72010 Q1 · Prepared remarks: +24.32010 Q2 · Prepared remarks: +36.02010 Q3 · Prepared remarks: +33.72010 Q4 · Prepared remarks: +34.62011 Q1 · Prepared remarks: +37.12011 Q2 · Prepared remarks: +24.32011 Q3 · Prepared remarks: +29.72011 Q4 · Prepared remarks: +27.92012 Q1 · Prepared remarks: +29.62012 Q2 · Prepared remarks: +28.12012 Q3 · Prepared remarks: +26.12012 Q4 · Prepared remarks: +32.62013 Q1 · Prepared remarks: +35.12013 Q2 · Prepared remarks: +27.92013 Q3 · Prepared remarks: +41.12013 Q4 · Prepared remarks: +38.12014 Q1 · Prepared remarks: +45.32014 Q2 · Prepared remarks: +40.92014 Q3 · Prepared remarks: +32.72014 Q4 · Prepared remarks: +38.22015 Q1 · Prepared remarks: +33.32015 Q2 · Prepared remarks: +33.32015 Q3 · Prepared remarks: +27.32015 Q4 · Prepared remarks: +33.42016 Q1 · Prepared remarks: +40.12016 Q2 · Prepared remarks: +37.42016 Q3 · Prepared remarks: +33.52016 Q4 · Prepared remarks: +34.62017 Q1 · Prepared remarks: +37.42017 Q2 · Prepared remarks: +25.52017 Q3 · Prepared remarks: +22.72017 Q4 · Prepared remarks: +37.72018 Q1 · Prepared remarks: +31.12018 Q2 · Prepared remarks: +28.42018 Q3 · Prepared remarks: +27.42018 Q4 · Prepared remarks: +33.22019 Q1 · Prepared remarks: +26.62019 Q2 · Prepared remarks: +26.52019 Q3 · Prepared remarks: +18.92019 Q4 · Prepared remarks: +26.52020 Q1 · Prepared remarks: +23.72020 Q2 · Prepared remarks: +21.72020 Q3 · Prepared remarks: +21.82020 Q4 · Prepared remarks: +30.62021 Q1 · Prepared remarks: +30.32021 Q2 · Prepared remarks: +37.72021 Q3 · Prepared remarks: +31.52021 Q4 · Prepared remarks: +27.12022 Q1 · Prepared remarks: +35.92022 Q2 · Prepared remarks: +30.12022 Q3 · Prepared remarks: +33.52022 Q4 · Prepared remarks: +34.12023 Q1 · Prepared remarks: +37.82023 Q2 · Prepared remarks: +40.62023 Q3 · Prepared remarks: +42.42023 Q4 · Prepared remarks: +38.62024 Q1 · Prepared remarks: +55.62024 Q2 · Prepared remarks: +40.42024 Q3 · Prepared remarks: +26.02024 Q4 · Prepared remarks: +37.32025 Q1 · Prepared remarks: +35.52007 Q3 · Q&A responses: +26.32007 Q4 · Q&A responses: +29.12008 Q1 · Q&A responses: +23.92008 Q2 · Q&A responses: +17.12008 Q3 · Q&A responses: +6.52008 Q4 · Q&A responses: +11.62009 Q1 · Q&A responses: +9.92009 Q2 · Q&A responses: +9.92009 Q3 · Q&A responses: +18.82009 Q4 · Q&A responses: +17.22010 Q1 · Q&A responses: +17.52010 Q2 · Q&A responses: +22.32010 Q3 · Q&A responses: +23.12010 Q4 · Q&A responses: +21.52011 Q1 · Q&A responses: +16.92011 Q2 · Q&A responses: +17.32011 Q3 · Q&A responses: +18.92011 Q4 · Q&A responses: +17.72012 Q1 · Q&A responses: +24.42012 Q2 · Q&A responses: +19.02012 Q3 · Q&A responses: +16.52012 Q4 · Q&A responses: +19.02013 Q1 · Q&A responses: +21.22013 Q2 · Q&A responses: +23.22013 Q3 · Q&A responses: +19.02013 Q4 · Q&A responses: +25.92014 Q1 · Q&A responses: +21.72014 Q2 · Q&A responses: +17.12014 Q3 · Q&A responses: +25.12014 Q4 · Q&A responses: +31.32015 Q1 · Q&A responses: +27.62015 Q2 · Q&A responses: +22.62015 Q3 · Q&A responses: +19.92015 Q4 · Q&A responses: +33.12016 Q1 · Q&A responses: +24.82016 Q2 · Q&A responses: +27.92016 Q3 · Q&A responses: +21.42016 Q4 · Q&A responses: +21.82017 Q1 · Q&A responses: +16.62017 Q2 · Q&A responses: +19.62017 Q3 · Q&A responses: +16.22017 Q4 · Q&A responses: +20.42018 Q1 · Q&A responses: +21.82018 Q2 · Q&A responses: +21.42018 Q3 · Q&A responses: +17.42018 Q4 · Q&A responses: +20.42019 Q1 · Q&A responses: +21.52019 Q2 · Q&A responses: +22.42019 Q3 · Q&A responses: +16.62019 Q4 · Q&A responses: +25.52020 Q1 · Q&A responses: +23.92020 Q2 · Q&A responses: +27.22020 Q3 · Q&A responses: +21.32020 Q4 · Q&A responses: +30.52021 Q1 · Q&A responses: +24.72021 Q2 · Q&A responses: +29.72021 Q3 · Q&A responses: +21.72021 Q4 · Q&A responses: +28.82022 Q1 · Q&A responses: +21.82022 Q2 · Q&A responses: +20.62022 Q3 · Q&A responses: +27.02022 Q4 · Q&A responses: +29.32023 Q1 · Q&A responses: +28.42023 Q2 · Q&A responses: +22.92023 Q3 · Q&A responses: +22.92023 Q4 · Q&A responses: +23.02024 Q1 · Q&A responses: +19.72024 Q2 · Q&A responses: +22.92024 Q3 · Q&A responses: +19.92024 Q4 · Q&A responses: +26.02025 Q1 · Q&A responses: +15.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.83$5.43$9.022007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $2.492014 Q2: $2.582014 Q3: $2.672014 Q4: $2.832015 Q1: $2.942015 Q2: $3.082015 Q3: $3.192015 Q4: $2.802016 Q1: $2.592016 Q2: $2.592016 Q3: $2.492016 Q4: $2.332017 Q1: $2.462017 Q2: $2.632017 Q3: $2.862017 Q4: $3.132018 Q1: $3.642018 Q2: $3.832018 Q3: $4.082018 Q4: $4.142019 Q1: $4.142019 Q2: $4.162019 Q3: $3.942019 Q4: $3.642020 Q1: $3.462020 Q2: $2.402020 Q3: $2.942020 Q4: $3.592021 Q1: $4.002021 Q2: $4.322021 Q3: $4.502021 Q4: $4.502022 Q1: $4.792022 Q2: $5.022022 Q3: $5.192022 Q4: $5.352023 Q1: $6.242023 Q2: $7.142023 Q3: $7.262023 Q4: $7.472024 Q1: $8.202024 Q2: $8.532024 Q3: $8.252024 Q4: $7.77

Forward P/E

7.9014.7121.532007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 17.842014 Q2: 16.452014 Q3: 14.902014 Q4: 16.022015 Q1: 14.432015 Q2: 13.812015 Q3: 12.282015 Q4: 11.122016 Q1: 13.892016 Q2: 13.862016 Q3: 15.182016 Q4: 18.802017 Q1: 18.662017 Q2: 16.162017 Q3: 16.102017 Q4: 14.932018 Q1: 12.152018 Q2: 11.162018 Q3: 11.652018 Q4: 8.842019 Q1: 11.062019 Q2: 11.422019 Q3: 11.962019 Q4: 15.132020 Q1: 10.742020 Q2: 20.592020 Q3: 19.562020 Q4: 16.142021 Q1: 16.022021 Q2: 14.102021 Q3: 12.532021 Q4: 13.052022 Q1: 12.562022 Q2: 11.402022 Q3: 11.092022 Q4: 12.812023 Q1: 11.322023 Q2: 10.932023 Q3: 11.482023 Q4: 13.132024 Q1: 14.152024 Q2: 12.632024 Q3: 11.672024 Q4: 13.87

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q2 tone ↓ -6.3 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↑ +8.4 fwd EPS ↓ -0.39 Tone rose while the forward EPS estimate was cut.
  • 2016 Q4 tone ↑ +3.2 fwd EPS ↓ -0.16 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -3.7 fwd EPS ↑ +0.17 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -3.5 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +8.1 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +5.9 fwd EPS ↓ -1.06 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -6.2 fwd EPS ↑ +0.54 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -2.8 fwd EPS ↑ +0.41 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -3.8 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -5.3 fwd EPS ↑ +0.90 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↑ +6.8 fwd EPS ↓ -0.48 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-29+9.9——View →
2024 Q42025-01-28+17.8$7.7713.9View →
2024 Q32024-10-22+11.0$8.2511.7View →
2024 Q22024-07-23+13.0$8.5312.6View →
2024 Q12024-04-30+14.5$8.2014.2View →
2023 Q42024-01-23+15.3$7.4713.1View →
2023 Q32023-10-24+15.1$7.2611.5View →
2023 Q22023-07-25+16.0$7.1410.9View →