For its third fiscal quarter (ending June 30), Blue Bird Corp (NASDAQ: BLBD) has reported a 207% increase in E.P.S. from $0.29 a year ago to $0.89 in the current quarter. This result exceeded the consensus estimate of $0.51 by $0.38. E.P.S. were $3.09 for the latest four quarters through June 30 versus $-0.56 for the same period a year ago.
Recent Price Action
On 8/7/24, Blue Bird Corp (NASDAQ: BLBD) stock declined slightly by -0.08%, closing at $48.45. Moreover, trading volume in this decline was exceptionally high at 207% of normal. The stock has declined -5.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BLBD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Blue Bird has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Blue Bird has a very high Appreciation Score of 89 and a very high Power Rating of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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