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Blue Bird (BLBD) Ascends While Market Falls: Some Facts to Note
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In the latest trading session, Blue Bird (BLBD - Free Report) closed at $51.75, marking a +1.03% move from the previous day. This move outpaced the S&P 500's daily loss of 1.16%. On the other hand, the Dow registered a loss of 0.47%, and the technology-centric Nasdaq decreased by 1.81%.
Shares of the school bus maker have appreciated by 1.73% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 13.66%, and outperforming the S&P 500's gain of 1.03%.
The upcoming earnings release of Blue Bird will be of great interest to investors. It is anticipated that the company will report an EPS of $0.8, marking a 13.04% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $350 million, indicating a 11.51% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.21 per share and a revenue of $1.57 billion, representing changes of -3.88% and +5.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Blue Bird. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.76% higher. Blue Bird presently features a Zacks Rank of #2 (Buy).
Investors should also note Blue Bird's current valuation metrics, including its Forward P/E ratio of 12.17. Its industry sports an average Forward P/E of 16.82, so one might conclude that Blue Bird is trading at a discount comparatively.
It's also important to note that BLBD currently trades at a PEG ratio of 2.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic industry had an average PEG ratio of 1.92 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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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Blue Bird (BLBD) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Blue Bird (BLBD - Free Report) closed at $51.75, marking a +1.03% move from the previous day. This move outpaced the S&P 500's daily loss of 1.16%. On the other hand, the Dow registered a loss of 0.47%, and the technology-centric Nasdaq decreased by 1.81%.
Shares of the school bus maker have appreciated by 1.73% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 13.66%, and outperforming the S&P 500's gain of 1.03%.
The upcoming earnings release of Blue Bird will be of great interest to investors. It is anticipated that the company will report an EPS of $0.8, marking a 13.04% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $350 million, indicating a 11.51% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.21 per share and a revenue of $1.57 billion, representing changes of -3.88% and +5.74%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Blue Bird. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.76% higher. Blue Bird presently features a Zacks Rank of #2 (Buy).
Investors should also note Blue Bird's current valuation metrics, including its Forward P/E ratio of 12.17. Its industry sports an average Forward P/E of 16.82, so one might conclude that Blue Bird is trading at a discount comparatively.
It's also important to note that BLBD currently trades at a PEG ratio of 2.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Domestic industry had an average PEG ratio of 1.92 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.