2024-05-27 11:30:40 ET
Summary
- Blue Bird Corporation is expected to benefit from the push to replace the aging school bus fleet with clean/zero-emissions models.
- Blue Bird is expanding its TAM with its EV commercial chassis business.
- Blue Bird lifted its long-term growth model to account for secular tailwinds lifting its school bus manufacturing business.
- BLBD has outperformed the market easily over the past year but is still attractively valued.
- I argue why investors shouldn't miss this school bus stock before it leaves us behind. Read on.
Blue Bird's Beat-And-Raise Performance
Blue Bird Corporation ( BLBD ) investors celebrated another BLBD surge toward a new high after its recent earnings scorecard in early May 2024. Blue Bird's fiscal second-quarter earnings release highlighted the significant growth inflection in an otherwise stable and steady school bus industry . As a result, Blue Bird easily surpassed its guidance and Wall Street estimates, justifying BLBD stock's recent optimism....
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Blue Bird: Don't Miss The School Bus Before It Leaves