For its second fiscal quarter (ending March 31), Blue Bird Corp (NASDAQ: BLBD) has reported a 268% increase in E.P.S. from $0.22 a year ago to $0.81 in the current quarter. This performance was $0.25 better than the consensus estimate of $0.56. E.P.S. were $2.49 for the latest four quarters through March 31 versus $-1.05 for the same period a year ago.
Recent Price Action
Blue Bird Corp (NASDAQ: BLBD) stock increased 1.2% on 5/8/24. The shares closed at $37.54. Moreover, trading volume in this advance was unusually high at 155% of normal. The stock has risen 13.9% during the last week and 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Blue Bird has a very high Appreciation Score of 86 and a very high Power Rating of 94, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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