Blue Bird's stock surged 18.39% in pre-market trading, reflecting strong investor optimism following the company's latest financial results and positive analyst actions.
The school bus manufacturer reported second-quarter adjusted earnings per share of $1.00, surpassing the consensus estimate of 87 cents. Revenue for the quarter also exceeded expectations. Furthermore, the company raised its full-year fiscal 2026 net revenue guidance to approximately $1.75 billion, significantly above the prior consensus estimate.
This strong performance and optimistic outlook prompted several analyst firms to take positive actions. Barclays raised its price target on Blue Bird to $75 from $55, while Needham increased its target to $86 from $78. Additionally, both Needham and BTIG reiterated their Buy ratings on the stock, reinforcing positive sentiment among investors.
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