Blue Bird Slides as Shares Trail Major Indexes Ahead of Earnings
Shares fell more than major indexes as analysts forecast higher quarterly and full-year earnings and revenue ahead of Blue Bird’s next report.
Blue Bird shares closed at $56.36, down 1.09% in the latest session. That was a steeper drop than the S&P 500, Dow and Nasdaq, which fell 0.17%, 0.26% and 0.09%, respectively.
The school bus maker’s shares have fallen 2.01% over the past month. The Auto-Tires-Trucks sector lost 1.15% in that period, while the S&P 500 fell 0.24%.
Ahead of Blue Bird’s next earnings report, analysts expect quarterly earnings of $1.48 a share, up 12.12% from a year earlier, and revenue of $548.63 million, up 34.02%, according to Zacks consensus estimates.
For the full year, analysts forecast earnings of $4.89 a share and revenue of $1.75 billion. Those estimates represent increases of 11.64% and 18.34% from last year. Zacks said its consensus earnings estimate has not changed over the past month.
Blue Bird’s forward price-to-earnings ratio was 11.66, below the Automotive-Domestic industry average of 15.7, according to Zacks.
This article was produced with the help of AI technology.
Source: Yahoo Finance
