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Blue Bird (BLBD) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Blue Bird (BLBD - Free Report) closed at $56.36, marking a -1.09% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The stock of school bus maker has fallen by 2.01% in the past month, lagging the Auto-Tires-Trucks sector's loss of 1.15% and the S&P 500's loss of 0.24%.
The investment community will be closely monitoring the performance of Blue Bird in its forthcoming earnings report. The company is predicted to post an EPS of $1.48, indicating a 12.12% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $548.63 million, reflecting a 34.02% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.89 per share and revenue of $1.75 billion. These totals would mark changes of +11.64% and +18.34%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Blue Bird. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Blue Bird presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Blue Bird is currently being traded at a Forward P/E ratio of 11.66. This expresses a discount compared to the average Forward P/E of 15.7 of its industry.
Investors should also note that BLBD has a PEG ratio of 0.71 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.97.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Blue Bird (BLBD) Dips More Than Broader Market: What You Should Know
In the latest trading session, Blue Bird (BLBD - Free Report) closed at $56.36, marking a -1.09% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The stock of school bus maker has fallen by 2.01% in the past month, lagging the Auto-Tires-Trucks sector's loss of 1.15% and the S&P 500's loss of 0.24%.
The investment community will be closely monitoring the performance of Blue Bird in its forthcoming earnings report. The company is predicted to post an EPS of $1.48, indicating a 12.12% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $548.63 million, reflecting a 34.02% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.89 per share and revenue of $1.75 billion. These totals would mark changes of +11.64% and +18.34%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Blue Bird. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Blue Bird presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Blue Bird is currently being traded at a Forward P/E ratio of 11.66. This expresses a discount compared to the average Forward P/E of 15.7 of its industry.
Investors should also note that BLBD has a PEG ratio of 0.71 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.97.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.