Blue Bird: Shares Deserve To Take A Nice Ride Higher
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Blue Bird Corporation's shares fell 5% despite strong Q4 results, due to revised long-term guidance and political risks. The company reported $350.2 million in revenue and $0.77 adjusted EPS, beating expectations. Despite slower long-term growth, near-term performance and lower trading multiples make the stock a 'strong buy'.
November 27, 2024 | 1:30 am
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Blue Bird's shares fell 5% despite strong Q4 results due to revised long-term guidance and political risks. The company reported $350.2 million in revenue and $0.77 adjusted EPS, beating expectations. Despite slower long-term growth, near-term performance and lower trading multiples make the stock a 'strong buy'.
The 5% drop in Blue Bird's shares is attributed to revised long-term guidance and political risks, despite strong Q4 results. The company's revenue and EPS exceeded expectations, indicating strong near-term performance. The lower trading multiples and positive near-term outlook suggest the stock is undervalued, making it a 'strong buy'.
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IMPORTANCE 80
RELEVANCE 100