Blue Bird (BLBD) closed the most recent trading day at $57.73, moving +1.76% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.52%. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 0.21%.
Coming into today, shares of the school bus maker had gained 2.07% in the past month. In that same time, the Auto-Tires-Trucks sector lost 1.99%, while the S&P 500 lost 1.21%.
The investment community will be closely monitoring the performance of Blue Bird in its forthcoming earnings report. On that day, Blue Bird is projected to report earnings of $1.48 per share, which would represent year-over-year growth of 12.12%. Meanwhile, our latest consensus estimate is calling for revenue of $548.63 million, up 34.02% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.89 per share and revenue of $1.75 billion. These totals would mark changes of +11.64% and +18.34%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Blue Bird. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.92% lower. Blue Bird is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Blue Bird is currently exchanging hands at a Forward P/E ratio of 12.91. Its industry sports an average Forward P/E of 16.3, so one might conclude that Blue Bird is trading at a discount comparatively.
It is also worth noting that BLBD currently has a PEG ratio of 0.79. 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 Automotive - Domestic industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 211, positioning it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).