PACCAR Inc. PCAR reported earnings of $1.41 per share for second-quarter 2021, beating the Zacks Consensus Estimate of $1.38. Higher-than-anticipated sales and profit from Parts and Financial Services segments resulted in this outperformance.Consolidated revenues (including trucks and financial services) came in at $5.84 billion, up from $3.06 billion recorded in the corresponding quarter of 2020. Sales from Trucks, Parts and Others came in at $5,387.6 million, missing the consensus mark of $5,441 million.PACCAR Inc. Price, Consensus and EPS Surprise PACCAR Inc. price-consensus-eps-surprise-chart | PACCAR Inc. QuoteKey TakeawaysRevenues from the trucks segment totaled $4,152.2 million for the June-end quarter, significantly higher than the prior-year quarter’s $1,858.4 million. The figure, however, lagged the consensus mark of $4,299 million. The segment’s pre-tax income came in at $255 million, turning around from a loss of $46.2 incurred in the year-ago period. The reported figure, nonetheless, missed the consensus mark of $286 million.Revenues from the parts segment totaled $1,211.3 million for the reported quarter, increasing from the year-earlier quarter’s $823.7 million and topping the consensus mark of $1,167 million. The segment’s pre-tax income came in at $265.6 million, up from $151.9 million recorded in the year-ago period. The reported figure also topped the consensus mark of $250 million.Revenues in the financial services segment increased to $456.3 million from the year-earlier quarter’s $360.3 million and beat the consensus estimate of $437 million. Also, pre-tax income rose to $106.5 million from $55.5 million recorded in the year-earlier period, beating the consensus mark of $77 million.Selling, general and administrative expenses for second-quarter 2021 rose to $164.4 million from the prior-year quarter’s $120 million. Research & Development (R&D) expenses were $84.4 million for second-quarter 2021 compared with the year-earlier quarter’s $66.5 million.PACCAR’s cash and marketable debt securities amounted to $4,403.3 million as of Jun 30, 2021 compared with $4834 million on Dec 31, 2020.The company declared a regular quarterly cash dividend of 34 cents per share, payable on Sep 8, 2021, to shareholders on record as of Aug 18, 2021.For 2021, capex is projected at $550-$600 million, while R&D expenses are estimated in the $340-$360 million band. This Zacks #3 (Hold) Ranked player shares space with other biggies including Ford F, General Motors GM and Tesla TSLA. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. +1,500% Growth: One of 2021’s Most Exciting Investment Opportunities In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second. Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.Click here to download this report FREE >>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 Ford Motor Company (F): Free Stock Analysis Report PACCAR Inc. (PCAR): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research