Top Wall Street Forecasters Revamp Blue Bird Price Expectations Ahead Of Q4 Earnings

Benzinga11-22

Blue Bird Corporation (NASDAQ:BLBD) will release earnings results for its fourth quarter, after the closing bell on Monday, Nov. 25.

Analysts expect the Macon, Georgia-based bank to report quarterly earnings at 65 cents per share, down from 66 cents per share in the year-ago period. Blue Bird projects to report revenue of $343.95 million for the recent quarter, compared to $302.96 million a year earlier, according to data from Benzinga Pro.

On Oct. 28, Blue Bird named Edward Hightower to its Board of Directors.

Blue Bird shares gained 2% to close at $40.08 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • BTIG analyst Gregory Lewis initiated coverage on the stock with a Buy rating and a price target of $55 on Oct. 9. This analyst has an accuracy rate of 75%.
  • DA Davidson analyst Michael Shlisky maintained a Buy rating and raised the price target from $66 to $67 on Aug. 9. This analyst has an accuracy rate of 61%.
  • Craig-Hallum analyst Eric Stine maintained a Buy rating and increased the price target from $54 to $65 on May 24. This analyst has an accuracy rate of 60%.

Considering buying BLBD stock? Here’s what analysts think:

Read This Next:

  • Wall Street’s Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 5% Dividend Yields
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment