Blue Bird (BLBD) could produce exceptional returns because of its solid growth attributes.
BLBD and SRTS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 13, 2024.
Here is how Blue Bird (BLBD) and Dorman Products (DORM) have performed compared to their sector so far this year.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
BLBD, SRTS, LAKE, MPW and NYT have been added to the Zacks Rank #1 (Strong Buy) List on August 13, 2024.
BLBD, CRAI and PPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 13, 2024.
Despite industry challenges, domestic auto stocks like General Motors (GM) and Blue Bird (BLBD) are worth watching, given their strong fundamentals.
BLBD continues to enjoy robust prospects, with the pent-up demand for school bus replacements flowing to its growing backlog at higher ASPs. This has led to the management's raised FY2024 guidance and promising FY2027 projections, with it implying a 4Y profitable growth outlook. Its investment thesis is significantly aided by the richer profit margins and healthier balance sheet.
Blue Bird Stock suffered a 30% decline, likely due to panic selling and profit-taking after hitting highs in June 2024. Blue Bird's recent earnings release corroborates its bullish thesis, as it upgraded its guidance. BLBD is still cheap, even though it boasts a solid growth profile.
Blue Bird Corporation (NASDAQ:BLBD ) Q3 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Mark Benfield - IR Phil Horlock - CEO Razvan Radulescu - CFO Conference Call Participants Mike Shlisky - D. A. Davidson.
Blue Bird (BLBD) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.44 per share a year ago.
Industrial stocks are vital to daily operations. Many investors are drawn to these companies due to their inherent need, whether it's a period of strong economic growth or an overall downturn.