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Blue Bird (BLBD) Laps the Stock Market: Here's Why
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Blue Bird (BLBD - Free Report) ended the recent trading session at $72.86, demonstrating a +1.85% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.65%. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Heading into today, shares of the school bus maker had lost 0.46% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.63% and lagging the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 1.68% increase from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.67 per share and a revenue of $0 million, demonstrating changes of +6.62% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Blue Bird. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Blue Bird is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 15.32. For comparison, its industry has an average Forward P/E of 19.9, which means Blue Bird is trading at a discount to the group.
It's also important to note that BLBD currently trades at a PEG ratio of 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Domestic stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons 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.
To follow BLBD in the coming trading sessions, be sure to utilize Zacks.com.
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Blue Bird (BLBD) Laps the Stock Market: Here's Why
Blue Bird (BLBD - Free Report) ended the recent trading session at $72.86, demonstrating a +1.85% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.65%. On the other hand, the Dow registered a gain of 0.92%, and the technology-centric Nasdaq increased by 3.07%.
Heading into today, shares of the school bus maker had lost 0.46% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.63% and lagging the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 1.68% increase from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.67 per share and a revenue of $0 million, demonstrating changes of +6.62% and 0%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Blue Bird. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Blue Bird is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 15.32. For comparison, its industry has an average Forward P/E of 19.9, which means Blue Bird is trading at a discount to the group.
It's also important to note that BLBD currently trades at a PEG ratio of 0.93. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Automotive - Domestic stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons 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.
To follow BLBD in the coming trading sessions, be sure to utilize Zacks.com.