We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Blue Bird (BLBD) Laps the Stock Market: Here's Why
Read MoreHide Full Article
In the latest close session, Blue Bird (BLBD - Free Report) was up +1.32% at $57.51. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Meanwhile, the Dow gained 1.08%, and the Nasdaq, a tech-heavy index, added 0.08%.
Coming into today, shares of the school bus maker had lost 7.95% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.42%, while the S&P 500 gained 1.41%.
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 $1.48, reflecting a 12.12% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $548.63 million, indicating a 34.02% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.89 per share and a revenue of $1.75 billion, indicating changes of +11.64% and +18.34%, respectively, from the former year.
Investors should also note any recent changes 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 9.92% lower. Right now, Blue Bird possesses a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 12.91. This signifies a discount in comparison to the average Forward P/E of 15.72 for its industry.
It's also important to note that BLBD currently trades at a PEG ratio of 0.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Domestic industry held an average PEG ratio of 0.97.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 41% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
Image: Bigstock
Blue Bird (BLBD) Laps the Stock Market: Here's Why
In the latest close session, Blue Bird (BLBD - Free Report) was up +1.32% at $57.51. The stock exceeded the S&P 500, which registered a gain of 0.33% for the day. Meanwhile, the Dow gained 1.08%, and the Nasdaq, a tech-heavy index, added 0.08%.
Coming into today, shares of the school bus maker had lost 7.95% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.42%, while the S&P 500 gained 1.41%.
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 $1.48, reflecting a 12.12% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $548.63 million, indicating a 34.02% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.89 per share and a revenue of $1.75 billion, indicating changes of +11.64% and +18.34%, respectively, from the former year.
Investors should also note any recent changes 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 9.92% lower. Right now, Blue Bird possesses a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 12.91. This signifies a discount in comparison to the average Forward P/E of 15.72 for its industry.
It's also important to note that BLBD currently trades at a PEG ratio of 0.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Domestic industry held an average PEG ratio of 0.97.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 41% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.