In the latest close session, Blue Bird (BLBD) was down 1.74% at $50.73. The stock's performance was behind the S&P 500's daily loss of 1.17%. At the same time, the Dow lost 0.53%, and the tech-heavy Nasdaq lost 2.04%.
The school bus maker's shares have seen a decrease of 2.75% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 4.4% and the S&P 500's gain of 2.12%.
The investment community will be closely monitoring the performance of Blue Bird in its forthcoming earnings report. The company is forecasted to report an EPS of $0.97, showcasing a 25.97% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $380 million, indicating a 8.51% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.04 per share and a revenue of $1.45 billion, indicating changes of +16.76% and 0%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Blue Bird. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Blue Bird holds a Zacks Rank of #3 (Hold).
In terms of valuation, Blue Bird is currently trading at a Forward P/E ratio of 12.43. This indicates a discount in contrast to its industry's Forward P/E of 12.77.
One should further note that BLBD currently holds a PEG ratio of 1.36. 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 of the close of trade yesterday, the Automotive - Domestic industry held an average PEG ratio of 3.96.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 148, positioning it in the bottom 41% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Blue Bird Corporation (BLBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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