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Why Blue Bird (BLBD) Dipped More Than Broader Market Today
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Blue Bird (BLBD - Free Report) ended the recent trading session at $55.13, demonstrating a -1.15% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.53% for the day. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.93%.
The school bus maker's stock has dropped by 6.65% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 3.08% and the S&P 500's gain of 1.13%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. The company is forecasted to report an EPS of $0.97, showcasing a 25.97% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $380 million, up 8.51% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.04 per share and a revenue of $1.45 billion, demonstrating changes of +16.76% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Blue Bird. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Blue Bird is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 13.43. This valuation marks a discount compared to its industry average Forward P/E of 13.55.
Also, we should mention that BLBD has a PEG ratio of 1.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Domestic industry currently had an average PEG ratio of 3.69 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Why Blue Bird (BLBD) Dipped More Than Broader Market Today
Blue Bird (BLBD - Free Report) ended the recent trading session at $55.13, demonstrating a -1.15% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.53% for the day. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.93%.
The school bus maker's stock has dropped by 6.65% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 3.08% and the S&P 500's gain of 1.13%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. The company is forecasted to report an EPS of $0.97, showcasing a 25.97% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $380 million, up 8.51% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $4.04 per share and a revenue of $1.45 billion, demonstrating changes of +16.76% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Blue Bird. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Blue Bird is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 13.43. This valuation marks a discount compared to its industry average Forward P/E of 13.55.
Also, we should mention that BLBD has a PEG ratio of 1.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Automotive - Domestic industry currently had an average PEG ratio of 3.69 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 189, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.