Blue Bird (BLBD) Q3 Earnings Report: Key Things to Watch

School bus company Blue Bird (NASDAQ:BLBD) is set to announce its earnings results tomorrow after the market closes. Investors are eager to see how the company has performed in the latest quarter.

In the previous quarter, Blue Bird exceeded analysts’ revenue expectations by 2%, reporting revenues of $333.4 million, a 13.3% increase compared to the previous year. The company also outperformed analysts’ estimates for earnings per share (EPS) and earnings before interest, taxes, depreciation, and amortization (EBITDA).

For this quarter, analysts are projecting a 13.5% year-on-year revenue growth to $344 million for Blue Bird, although this is a slight slowdown from the 17.6% increase seen in the same quarter last year. Adjusted earnings are forecasted to be $0.65 per share.

Analysts following Blue Bird have largely maintained their projections over the past month, indicating a sense of confidence in the company’s performance leading up to the earnings announcement. Blue Bird has a track record of surpassing Wall Street’s expectations, beating revenue estimates consistently over the past two years by an average of 11.1%.

Looking at Blue Bird’s peers in the heavy transportation equipment sector, some key players have already reported their Q3 results. Cummins reported flat year-on-year revenue but still managed to beat analysts’ expectations, while Allison Transmission saw a 12% increase in revenue, surpassing estimates by 4.3%. Both companies experienced a positive stock price reaction following their earnings releases.

Investors in the heavy transportation equipment segment have shown positive sentiment, with average share prices up 7.1% over the last month. However, Blue Bird has experienced a slight decline of 2.9% during the same period. Analysts have set an average price target of $59.57 for Blue Bird, compared to the current share price of $41.24.

As we anticipate Blue Bird’s earnings report, it will be interesting to see if the company can maintain its strong performance and continue to exceed expectations. Investors will be closely watching the results to gain insights into the company’s financial health and future prospects.