Blue Bird’s stock sinks as market gains, but what does this mean for investors? Learn how the company’s recent performance and earnings release can impact your portfolio.
Blue Bird (BLBD) Stock Sinks As Market Gains: What You Should Know
Recent Performance and Trends
In the latest trading session, Blue Bird closed at $39.14, marking a -0.58% move from the previous day. This decline is in line with the S&P 500’s daily gain of 0.73%, while the Dow gained 0.16%, and the Nasdaq added 0.98%. Over the past month, Blue Bird’s shares have seen a decrease of 4.4%, not keeping up with the Auto-Tires-Trucks sector’s gain of 14.25% and the S&P 500’s gain of 0.34%.
Earnings Release and Projected Performance
The upcoming earnings release of Blue Bird will be of great interest to investors. The company’s projected earnings per share (EPS) are $0.83, reflecting an 8.79% decrease from the same quarter last year. Additionally, the Zacks Consensus Estimate for revenue is projecting net sales of $355 million, up 11.75% from the year-ago period.
For 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.
Analyst Estimates and Short-Term Business Trends
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. Positive estimate revisions are often seen 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.
Valuation Analysis
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. The company’s PEG ratio of 0.97 also suggests that it is undervalued relative to its anticipated earnings growth rate.
The Automotive – Domestic industry, where Blue Bird operates, has a Zacks Industry Rank of 126, putting it in the top 50% of all 250+ industries. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
