Blue Bird (BLBD) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Blue Bird (BLBD) closed at $34.20, reflecting a -1.53% change from the previous session, underperforming the S&P 500's daily loss of 1.12% [1] - Over the past month, shares of Blue Bird have decreased by 4.14%, compared to a loss of 2.8% in the Auto-Tires-Trucks sector and a 2.91% loss in the S&P 500 [1] Upcoming Earnings - Blue Bird is expected to report an EPS of$ 0.96, representing a 7.87% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projected at $390 million, which is a 12.74% increase from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of$ 4 per share and revenue of $1.5 billion, indicating increases of +15.61% and +10.97%, respectively, compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Blue Bird reflect evolving short-term business trends, with positive revisions seen as a good sign for the company's outlook [4] - Adjustments in estimates are directly associated with imminent stock price performance, and the Zacks Rank model incorporates these changes for actionable insights [5] Zacks Rank and Valuation - Blue Bird currently holds a Zacks Rank of 2 (Buy), with the consensus EPS projection remaining stagnant over the past 30 days [6] - The company is trading at a Forward P/E ratio of 8.69, which is below the industry average of 11.06, and has a PEG ratio of 0.8, matching the industry average [7] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 209, placing it in the bottom 17% of over 250 industries [8]