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Blue Bird (BLBD) Stock Moves -2.97%: What You Should Know
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In the latest close session, Blue Bird (BLBD - Free Report) was down 2.97% at $59.18. The stock's performance was ahead of the S&P 500's daily loss of 4.36%. Elsewhere, the Dow lost 3.44%, while the tech-heavy Nasdaq lost 5.52%.
The school bus maker's stock has climbed by 9.22% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 4.23% and the S&P 500's loss of 0.38%.
The investment community will be paying close attention to the earnings performance 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. Our most recent consensus estimate is calling for quarterly revenue of $548.63 million, up 34.02% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.89 per share and revenue of $1.75 billion, which would represent changes of +11.64% and +18.34%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Blue Bird. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Blue Bird is currently a Zacks Rank #5 (Strong Sell).
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 13.88. This valuation marks a discount compared to its industry average Forward P/E of 18.19.
It is also worth noting that BLBD currently has a PEG ratio of 0.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Automotive - Domestic industry held an average PEG ratio of 1.36.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Blue Bird (BLBD) Stock Moves -2.97%: What You Should Know
In the latest close session, Blue Bird (BLBD - Free Report) was down 2.97% at $59.18. The stock's performance was ahead of the S&P 500's daily loss of 4.36%. Elsewhere, the Dow lost 3.44%, while the tech-heavy Nasdaq lost 5.52%.
The school bus maker's stock has climbed by 9.22% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 4.23% and the S&P 500's loss of 0.38%.
The investment community will be paying close attention to the earnings performance 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. Our most recent consensus estimate is calling for quarterly revenue of $548.63 million, up 34.02% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.89 per share and revenue of $1.75 billion, which would represent changes of +11.64% and +18.34%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Blue Bird. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Blue Bird is currently a Zacks Rank #5 (Strong Sell).
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 13.88. This valuation marks a discount compared to its industry average Forward P/E of 18.19.
It is also worth noting that BLBD currently has a PEG ratio of 0.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Automotive - Domestic industry held an average PEG ratio of 1.36.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.