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Blue Bird (BLBD) Declines More Than Market: Some Information for Investors
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Blue Bird (BLBD - Free Report) ended the recent trading session at $56.35, demonstrating a -1.43% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.31%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.38%.
Heading into today, shares of the school bus maker had gained 3.01% over the past month, lagging the Auto-Tires-Trucks sector's gain of 7.66% and outpacing the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. In that report, analysts expect Blue Bird to post earnings of $1.48 per share. This would mark year-over-year growth of 12.12%. Meanwhile, the latest consensus estimate predicts the revenue to be $548.63 million, indicating a 34.02% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.89 per share and a revenue of $1.75 billion, signifying shifts of +11.64% and +18.34%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Blue Bird. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.92% lower. As of now, Blue Bird holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 13.01. Its industry sports an average Forward P/E of 16.59, 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 0.79. 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 industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 17% 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.
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) Declines More Than Market: Some Information for Investors
Blue Bird (BLBD - Free Report) ended the recent trading session at $56.35, demonstrating a -1.43% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.31%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.38%.
Heading into today, shares of the school bus maker had gained 3.01% over the past month, lagging the Auto-Tires-Trucks sector's gain of 7.66% and outpacing the S&P 500's gain of 0.87%.
Market participants will be closely following the financial results of Blue Bird in its upcoming release. In that report, analysts expect Blue Bird to post earnings of $1.48 per share. This would mark year-over-year growth of 12.12%. Meanwhile, the latest consensus estimate predicts the revenue to be $548.63 million, indicating a 34.02% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.89 per share and a revenue of $1.75 billion, signifying shifts of +11.64% and +18.34%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Blue Bird. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.92% lower. As of now, Blue Bird holds a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 13.01. Its industry sports an average Forward P/E of 16.59, 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 0.79. 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 industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 17% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.