Ford, PACCAR, OSK & ABG: Can They Beat Q2 Earnings Estimates?
Ahead of Q2 2026 results, Ford, PACCAR, Oshkosh and Asbury Automotive are scheduled to report. The auto sector is expected to see Q2 2026 earnings up 15.7% YoY and revenue up 2.7% (Earnings Trend, July 22). Ford sales fell 10% YoY to 549,200; consensus EPS 33 cents and revenue $45.72B. PACCAR, OSK and ABG have lower delivery or earnings expectations per Zacks consensus.
How this was made
The 30-second read
Why it matters
It provides company-specific pre-earnings positioning using Zacks Earnings ESP, Zacks Rank, and detailed consensus and operational drivers (deliveries, segment volumes, segment exposure to tariffs, and sales/gross profit expectations).
Market read
For traders, the actionable element is the pre-earnings risk map: where volumes are expected to weaken, where tariffs/costs matter, and where consensus EPS has drifted down.
What to watch
The article does not quantify margin sensitivity to tariffs, inventory levels, or backlog quality; those can dominate the earnings reaction versus unit guidance alone.
Background
The piece frames the current Q2 earnings season for the Auto-Tires-Trucks sector and notes mixed results so far (GM and Genuine Parts beat; Tesla missed).
Ticker impact
PACCAR reports Q2 before the open bell, guiding deliveries to 37,000 to 38,000 trucks versus 39,300 a year ago.
Moderate volatility expected; upside possible if parts and margins offset delivery declines.
The text provides delivery and revenue/EPS consensus figures plus tariff-related pricing pressure, but also notes parts growth and expected margin improvement.
Oshkosh reports Q2 before the open bell, with refuse vehicle volumes expected down 25% to 30% and tariff exposure.
Downside risk if operating income from the Access segment declines as expected.
The article includes explicit volume guidance and segment operating income decline expectations, which are direct earnings drivers.
Asbury reports Q2 before the open bell, with consensus calling for lower new and used retail sales and gross profit contraction.
Likely sensitivity to gross profit and inventory/turn dynamics; miss risk if pricing does not offset volume declines.
The article provides consensus revenue and gross profit contraction figures and notes EPS estimate drift lower, indicating earnings pressure.
Market effects
Highlights how affordability pressure and tariff/fuel dynamics are translating into unit volume and margin expectations across automakers, truck makers, and dealers.
Primarily U.S.-centric read-through via Ford sales, PACCAR deliveries, and Oshkosh’s USPS-related ramp.
Tariff and cost pass-through concerns can influence broader commercial vehicle and parts pricing expectations beyond the U.S.
Counterpoint
Despite the negative setup, cost controls, mix, and parts growth could allow beats even with weaker volumes, especially if consensus estimates have already priced in the slowdown.
Key entities
- companyFord
Q2 earnings after the close; supplier disruption and EV weakness cited as key headwinds.
- companyPACCAR
Q2 earnings before the open bell; truck delivery guidance down year over year with parts growth as a support.
- companyOshkosh
Q2 earnings before the open bell; refuse volumes expected down 25% to 30% with tariff and cost exposure.
- companyAsbury Automotive
Q2 earnings before the open bell; new and used retail sales expected to fall with gross profit contraction.
