Blue Bird: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Blue Bird (NASDAQ:BLBD) reported Q1 earnings with an EPS of $0.91, beating estimates by 145.95% against an expected $0.37. Revenue increased by $81.93 million from the same period last year. The company's past earnings performance shows consistent beats on EPS estimates, with the last quarter resulting in a 10.45% share price increase the following day.
February 07, 2024 | 9:05 pm
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Blue Bird reported a significant beat on Q1 earnings with an EPS of $0.91, far exceeding the $0.37 estimate, and a notable year-over-year revenue increase.
Given Blue Bird's substantial beat on both EPS and revenue estimates, coupled with historical data showing a positive share price reaction to past earnings beats, it's likely that BLBD's share price will experience a short-term increase. The magnitude of the beat and the consistent pattern of outperforming expectations suggest strong company performance and investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100