Blue Bird (BLBD) Surpasses Q3 Earnings and Revenue Estimates

Group 1 - Blue Bird (BLBD) reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and up from $0.44 per share a year ago, representing an earnings surprise of 82% [1] - The company achieved revenues of $333.37 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.02%, and an increase from $294.28 million year-over-year [2] - Blue Bird has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - The stock has gained approximately 79.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 9.9% [3] - The future performance of Blue Bird's stock will depend on management's commentary during the earnings call and the sustainability of the recent price movements [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $335 million, and for the current fiscal year, it is $2.88 on revenues of $1.33 billion [7] Group 3 - The Zacks Industry Rank indicates that the Automotive - Domestic sector is currently in the bottom 17% of over 250 Zacks industries, which may impact stock performance [8] - The correlation between near-term stock movements and earnings estimate revisions suggests that tracking these revisions can provide insights into future stock performance [5][6]