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Blue Bird (BLBD) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Blue Bird (BLBD - Free Report) was down 3.67% at $55.45. The stock's performance was behind the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.39%.
Heading into today, shares of the school bus maker had gained 1.41% over the past month, lagging the Auto-Tires-Trucks sector's gain of 2.8% and outpacing the S&P 500's loss of 2.42%.
The investment community will be paying close attention to the earnings performance of Blue Bird in its upcoming release. It is anticipated that the company will report an EPS of $1.48, marking a 12.12% rise compared to the same quarter of the previous 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.
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 take note of any recent adjustments to analyst estimates for Blue Bird. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Blue Bird boasts a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 13.1. This valuation marks a discount compared to its industry average Forward P/E of 17.33.
We can additionally observe that BLBD currently boasts a PEG ratio of 0.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Automotive - Domestic industry stood at 1.2 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 215, finds itself in the bottom 13% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Blue Bird (BLBD) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Blue Bird (BLBD - Free Report) was down 3.67% at $55.45. The stock's performance was behind the S&P 500's daily loss of 0.35%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.39%.
Heading into today, shares of the school bus maker had gained 1.41% over the past month, lagging the Auto-Tires-Trucks sector's gain of 2.8% and outpacing the S&P 500's loss of 2.42%.
The investment community will be paying close attention to the earnings performance of Blue Bird in its upcoming release. It is anticipated that the company will report an EPS of $1.48, marking a 12.12% rise compared to the same quarter of the previous 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.
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 take note of any recent adjustments to analyst estimates for Blue Bird. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Blue Bird boasts a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 13.1. This valuation marks a discount compared to its industry average Forward P/E of 17.33.
We can additionally observe that BLBD currently boasts a PEG ratio of 0.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Automotive - Domestic industry stood at 1.2 at the close of the market yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 215, finds itself in the bottom 13% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.