Blue Bird (BLBD) closed the latest trading day at $49.79, indicating a +0.4% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq decreased by 0.93%. Prior to today's trading, shares of the school bus maker had lost 7.77% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 7.26% and the S&P 500's loss of 0.26% in that time. Regarding the entir ...

Technical Analysis - The stock of Blue Bird Corporation (BLBD) has reached a significant support level, breaking through its 50-day simple moving average (SMA), indicating a potential short-term bullish trend [1][7] - The 50-day SMA is a key indicator for identifying support and resistance levels, and Blue Bird's movement above this mark suggests a positive shift [7][8] Expansion & Safety Initiatives - The company plans to double capital expenditure to expand manufacturing capacity, aiming to produce 50 new buses per day to meet rising demand [4] - Blue Bird is prioritizing enhancements in bus safety features, investing in supply chain capabilities, and modernizing production facilities [4] Financial Performance & Guidance - Blue Bird raised its FY24 revenue guidance to $1.27-$1.32 billion, up from the previous range of $1.15-$1.25 billion, and expects adjusted EBITDA between $145 million and $165 million, higher than the prior projection of $120-$140 million [5] - The company reported a profit of $26 million in the last quarter, a significant improvement from a loss of $11 million in the first quarter of fiscal 2023 [13] Market Opportunity & Competitive Advantage - Blue Bird has a massive market opportunity with over 90% of U.S. school buses still diesel-powered, and the company is well-positioned to benefit from the growing demand for electric school buses [9] - The company has an exclusive partnership with Ford and Roush CleanTech, deploying over 30,000 propane and gasoline systems, reinforcing its dominant position in the alternative fuel market [10] Government & Regulatory Support - Favorable government policies, such as the EPA's Clean School Bus Program and state-level incentives, are accelerating the adoption of electric buses and supporting Blue Bird's market expansion [11] Turnaround & Growth Strategy - Blue Bird's turnaround strategy, implemented in late 2021, has proven effective, leading to expanded profit margins and leveraging the growing demand for EV buses [12][13] - The company has an order backlog of approximately 5,900 units valued at around $850 million, with nearly 500 electric orders in its backlog as of the second quarter of fiscal 2024 [22] Stock Performance & Valuation - Year-to-date, shares of Blue Bird have rallied roughly 94%, outperforming the industry, sector, and S&P 500 [14] - The stock is trading at a forward 12-month sales multiple of 1.15, higher than its 5-year median but lower than the industry's 1.53, with a Value Score of B [21] Earnings Growth & Revision Trends - The Zacks Consensus Estimate for fiscal 2024 EPS implies a year-over-year uptick of 155%, with a bullish estimate revision trend for the current fiscal year, up 90.9% to $2.73 per share over the last year [17] Investor Considerations - Existing shareholders are advised to hold onto the stock, while new investors may consider adding BLBD to their watchlist and initiating positions during market dips [19] - Despite reliance on subsidies and grants, the company's improved financial performance, manageable debt, and strategic alignment with market demands suggest a positive outlook [24]

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Blue Bird is holding a Zacks Rank of #3 (Hold) right now. Market participants will be closely following the financial results of Blue Bird in its upcoming release. The company's upcoming EPS is projected at $0.50, signifying a 13.64 ...

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. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about Blue Bird (BLBD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Blue Bird currently has an ave ...

When it comes to top line strength, three companies – GigaCloud Technology (GCT) , Blue Bird (BLBD) , and Powell Industries (POWL) – have all grown their sales considerably over recent years. GigaCloud Technology Sports Sound Valuation GIGACLOUD TECH (GCT) F1 - Dec 2024 EPS E The company's sales growth has been remarkable thanks to continued business momentum, with sales of $251 million throughout its latest period nearly doubling the mark in the year-ago quarter. Sales are forecasted to climb 60% in its cu ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today June 26th: Blue Bird (BLBD) : This company which is engaged in the designing, engineering, manufacturing and sale of school buses and related parts, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 30% over the last 60 days. Blue Bird has a PEG ratio of 0.40 compared with 0.73 for the industry. The company possesses a Growth Score ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Blue Bird (BLBD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these st ...

Investors should seek to gain some exposure to small-cap companies due to increased diversification and the ability to profit from a new business's initial success. NewLake Capital Partners (OTCMKTS:NLCP) supplies the regulated cannabis industry with real estate properties for use as dispensaries and cultivation facilities, typically in the form of triple-net leases. NLCP owns and operates approximately 31 real estate properties. In late April, the U.S. Drug Enforcement Administration (DEA) announced it wou ...

Group 1: Costamare (CMRE) - Costamare operates marine transportation, focusing on dry bulk vessels and containerships [2] - In Q1 2024, CMRE reported a total revenue increase of 89% and adjusted net income growth of 62% to $75 million compared to the previous year [5] - The company has a significant liquidity position of $1.1 billion and a stock price increase of 68% over the past six months due to strong earnings and a new leasing program [16] - CMRE offers a dividend yield of 3%, with the most recent distribution made on May 6 [17] Group 2: Blue Bird (BLBD) - Blue Bird manufactures and sells school buses, including diesel and alternative power options [7] - The company reported a 15% increase in total revenue and net income growth from $7 million to $26 million for Q2 2024 [19] - Electric bus sales surged by 56% year-over-year, driven by the federal Clean School Bus Program, contributing to a backlog of 500 buses for Q2 2024 [20] - Following impressive earnings, BLBD's stock price rose by 50% [8] Group 3: GigaCloud Technology (GCT) - GigaCloud Technology is a B2B e-commerce platform specializing in large parcel merchandise, operating 21 warehouses across Europe, North America, and Asia [22] - In Q1 2024, GCT reported a total revenue increase of 97% and net income growth of 71% year-over-year, with a cash position of $196 million [23] - The company anticipates total revenue for Q2 2024 to be between $265 million and $280 million, having beaten analyst expectations for Q1 [24]

The S&P 500 and the Nasdaq closed at fresh records on Monday. Stocks were mixed through early afternoon trading on Tuesday ahead of a potentially big day for Wall Street on Wednesday. May CPI data will be released tomorrow before the Fed's next official announcement on interest rates. The bulls are in control to start the second full week of June, fueled by a combination of projected rate cuts, earnings growth, massive AI spending, and FOMO. But that doesn't mean all stocks are trending in the right directi ...