BLBD to release Q4 earnings on Nov. 25, expects lower EPS. Projected revenue for Q4 is $343.95 million, up from $302.96 million. Analysts maintain Buy ratings, with price targets ranging from $55 to $67. Shares gained 2% recently, closing at $40.08.
BLBD shows strong topline growth with double-digit gains in 2024. EV demand and federal funding may enhance future revenue growth significantly. Stock undervalued with current P/E ratio below historical averages. Company expects to gain substantial orders from EPA funding programs. Margins improved due to strong pricing and efficient operational management.
- Blue Bird reported earnings per share of $0.89, beating estimates and showing significant growth. - Revenues for the quarter exceeded expectations by 9.81%, with consistent performance over the past year. - Share price has increased 37.7% year-to-date, outperforming the market. - Earnings outlook is mixed, with a Zacks Rank #3 (Hold) for Blue Bird. - Industry outlook is positive, with Automotive - Domestic industry ranking in the top 25% of Zacks industries. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings