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Why Blue Bird (BLBD) Dipped More Than Broader Market Today
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In the latest close session, Blue Bird (BLBD - Free Report) was down 2.88% at $73.72. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the school bus maker had gained 14.49% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.79% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Blue Bird in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.21, marking a 1.68% rise compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.67 per share and revenue of $0 million, indicating changes of +6.62% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Blue Bird should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Blue Bird is currently a Zacks Rank #4 (Sell).
Investors should also note Blue Bird's current valuation metrics, including its Forward P/E ratio of 16.25. This indicates a discount in contrast to its industry's Forward P/E of 20.13.
One should further note that BLBD currently holds a PEG ratio of 0.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 104, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Why Blue Bird (BLBD) Dipped More Than Broader Market Today
In the latest close session, Blue Bird (BLBD - Free Report) was down 2.88% at $73.72. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the school bus maker had gained 14.49% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.79% and the S&P 500's gain of 0.08%.
Analysts and investors alike will be keeping a close eye on the performance of Blue Bird in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.21, marking a 1.68% rise compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.67 per share and revenue of $0 million, indicating changes of +6.62% and 0%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Blue Bird should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Blue Bird is currently a Zacks Rank #4 (Sell).
Investors should also note Blue Bird's current valuation metrics, including its Forward P/E ratio of 16.25. This indicates a discount in contrast to its industry's Forward P/E of 20.13.
One should further note that BLBD currently holds a PEG ratio of 0.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 104, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.