Blue Bird (BLBD) ended the recent trading session at $62.97, demonstrating a +1.96% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.24%. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
The stock of school bus maker has risen by 15.59% in the past month, leading the Auto-Tires-Trucks sector's gain of 2.91% and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Blue Bird in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.81, marking a 15.63% fall compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.56 per share and a revenue of $0 million, signifying shifts of +4.11% and 0%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Blue Bird. Recent revisions tend to reflect the latest 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Blue Bird is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Blue Bird currently has a Forward P/E ratio of 13.56. This valuation marks a discount compared to its industry average Forward P/E of 16.46.
It's also important to note that BLBD currently trades at a PEG ratio of 2.28. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 22% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).