Blue Bird Corporation BLBD is slated to release fiscal third-quarter 2024 results on Aug 7, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings is 50 cents a share on revenues of $330 million.
In the latest trading session, Blue Bird (BLBD) closed at $52.12, marking a +1.46% move from the previous day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Blue Bird (BLBD) concluded the recent trading session at $49.79, signifying a +0.4% move from its prior day's close.
Blue Bird's (BLBD) winning combination of favorable earnings estimate revisions and the achievement of a key technical level warrants attention from investors looking for more gains in the near future.
Blue Bird (BLBD) closed at $49.58 in the latest trading session, marking a -1.76% move from the prior day.
The Biden administration has announced $1.7 billion in grants that aim to help convert closed or at-risk automobile facilities into plants that make electric vehicles or EV parts, with the effort due to aid 11 factories across eight states.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Blue Bird: No Longer A Hidden EV Gem But There's More Upside
Blue Bird operates in the not-so-fancy school bus manufacturing industry. The company has two very clear growth catalysts due to the age of school buses and the transition to electric buses, supported by government plans. Blue Bird recently increased guidance for FY2024, which brought euphoria to the company's shares and, coupled with a reasonable valuation, makes me consider it a buy.
In addition to strong sales growth, all three companies sport a favorable Zacks Rank, reflecting bullishness among analysts and providing shares the fuel needed to climb higher.
BLBD, GTN and NVDA made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 26, 2024.