Blue Bird (BLBD) Surpasses Market Returns: Some Facts Worth Knowing

Blue Bird (BLBD) closed at $42.88 in the latest trading session, marking a +2.17% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.96% for the day. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%. Coming into today, shares of the school bus maker had gained 8.65% in the past month. In that same time, the Auto-Tires-Trucks sector lost 6.24%, while the S&P 500 gained 0.5%. 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 $0.9 per share. This would mark a year-over-year decline of 1.1%. Alongside, our most recent consensus estimate is anticipating revenue of $375 million, indicating a 12.49% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $3.74 per share and a revenue of $1.42 billion, demonstrating changes of +8.09% and +5.61%, respectively, from the preceding year. It is also important to note the recent changes to analyst estimates for Blue Bird. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Blue Bird boasts a Zacks Rank of #5 (Strong Sell). Looking at valuation, Blue Bird is presently trading at a Forward P/E ratio of 11.21. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.21. We can additionally observe that BLBD currently boasts a PEG ratio of 0.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.12 as of yesterday's close. The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 24% of all 250+ industries. 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. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Don’t Miss Out on These Stocks Before you make your next investing move, we have a free report that highlights the %%CTA_TEXT%% to buy.Our experts at Zacks Investment Research hand-selected these stocks for their eye-opening growth projections.Since 1988, our stock picks have more than doubled the S&P 500 with an average gain of +23.89% per year using the Zacks Rank stock-rating system.Register now to see the %%CTA_TEXT%%.7 best stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blue Bird Corporation (BLBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks