In the latest trading session, Blue Bird (BLBD) closed at $39.14, marking a -0.58% move from the previous day. The stock’s performance was behind the S&P 500’s daily gain of 0.73%. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, added 0.98%.
The school bus maker’s shares have seen a decrease of 4.4% over the last month, not keeping up with the Auto-Tires-Trucks sector’s gain of 14.25% and the S&P 500’s gain of 0.34%.
The upcoming earnings release of Blue Bird will be of great interest to investors. The company’s earnings per share (EPS) are projected to be $0.83, reflecting an 8.79% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $355 million, up 11.75% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.88 per share and revenue of $1.5 billion, indicating changes of +12.14% and +10.97%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Blue Bird. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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, there’s been a 7.42% rise in the Zacks Consensus EPS estimate. Blue Bird is currently a Zacks Rank #1 (Strong Buy).
Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 10.15. For comparison, its industry has an average Forward P/E of 11.68, which means Blue Bird is trading at a discount to the group.
We can also see that BLBD currently has a PEG ratio of 0.97. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. As the market closed yesterday, the Automotive – Domestic industry was having an average PEG ratio of 1.73.
The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 126, putting it in the top 50% of all 250+ industries.
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