PACCAR Inc. PCAR has reported earnings of 43 cents per share for second-quarter 2020, beating the Zacks Consensus Estimate of 31 cents, mainly on higher pre-tax income from the company’s trucks, parts and others, and financial service units. However, the reported figure comes in lower than the prior-year quarter’s $1.78.Consolidated revenues (including trucks and financial services) came in at $3.06 billion, surpassing the Zacks Consensus Estimate of $2.93 billion. The top-line figure, however, comes in lower than the year-ago quarter’s $6.63 billion.During the reported quarter, the company recorded total pre-tax income of $184 million, marking a decline from the prior-year quarter’s $814.4 million. The company’s net income fell to $147.7 million from the $619.7 million reported in second-quarter 2019.SG&A expenses during second-quarter 2020 plunged 30.6% to $120.2 million from the $173.3 million incurred in second-quarter 2019. R&D expenses declined 19.4% to $66.5 million during the June-end quarter from the year-earlier quarter’s $82.5 million.PACCAR Inc. Price, Consensus and EPS Surprise PACCAR Inc. price-consensus-eps-surprise-chart | PACCAR Inc. QuoteSegmental PerformanceRevenues from trucks, parts and others totaled $2.7 billion in the second quarter, down from the prior-year quarter’s $6.27 billion. The segment’s pre-tax income significantly decreased to $119.5 million from the $712.3 million recorded in the year-ago period. However, the figure surpassed the Zacks Consensus Estimate of $53 million.Revenues in the financial services segment decreased to $360.3 million from the year-earlier quarter’s $361.4 million. Pre-tax income declined to $55.5 million from the $80.3 million reported in the year-ago quarter. However, the figure outpaced the Zacks Consensus Estimate of $38.66 million.Dividends & Cash PositionDuring second-quarter 2020, PACCAR announced a regular quarterly cash dividend of 32 cents per share, payable on Sep 1, to stockholders of record as of Aug 11, 2020.PACCAR’s cash and marketable debt securities amounted to $4.2 billion as of Jun 30, 2020, compared with $5.2 billion as of Dec 31, 2019.OutlookThe company has reiterated its capex and R&D expenses projection for the ongoing year. Capex is now projected at $525-$575 million, and R&D expenses are estimated in the $265-$295 million band.Zacks Rank & Stocks to ConsiderPACCAR currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks are Sonic Automotive, Inc. SAH, Niu Technologies NIU and LCI Industries LCII. While Sonic flaunts a Zack Rank of 1 (Strong Buy), Niu and LCI Industries carry a Zack Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Sonic have rallied 23.8%, year to date, compared with the industry’s rise of 18.4%.Shares of Niu have surged 129%, year to date, as against the industry’s decline of 8.8%.Shares of LCI Industries have appreciated 11.6%, year to date, as against the industry’s decline of 8.8%.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PACCAR Inc. (PCAR): Free Stock Analysis Report Sonic Automotive, Inc. (SAH): Free Stock Analysis Report LCI Industries (LCII): Free Stock Analysis Report NIU TECHADR (NIU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research