Blue Income Statement Research

BLBD Stock  USD 38.34  0.49  1.29%   
Most accounts from Blue Bird's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Blue Bird Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Blue Bird Valuation and Blue Bird Correlation analysis.
  
At present, Blue Bird's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 22.5 M, whereas Interest Expense is forecasted to decline to about 12.9 M.
Most accounts from Blue Bird's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Blue Bird Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Blue Bird Valuation and Blue Bird Correlation analysis.
At present, Blue Bird's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 22.5 M, whereas Interest Expense is forecasted to decline to about 12.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense14.7M18.0M20.7M12.9M
Depreciation And Amortization17.0M16.0M18.4M11.9M

Blue Bird income statement Correlations

0.04-0.38-0.350.03-0.21-0.19-0.120.07-0.150.13-0.130.06-0.35-0.06-0.44-0.04-0.03-0.18-0.110.030.030.250.430.3
0.040.840.850.36-0.380.860.330.20.290.550.480.470.820.1-0.06-0.630.150.11-0.2-0.82-0.810.230.870.86
-0.380.840.920.51-0.070.880.490.290.460.50.60.580.90.240.08-0.680.270.340.05-0.6-0.6-0.080.540.63
-0.350.850.920.51-0.070.980.60.420.580.670.720.571.00.39-0.02-0.60.430.360.03-0.81-0.80.270.650.54
0.030.360.510.510.540.60.730.680.690.550.690.990.510.64-0.37-0.130.670.640.54-0.34-0.32-0.060.420.44
-0.21-0.38-0.07-0.070.54-0.020.590.640.610.130.460.41-0.040.72-0.020.250.680.670.770.240.22-0.09-0.29-0.33
-0.190.860.880.980.6-0.020.660.510.640.760.770.660.980.46-0.13-0.610.510.40.08-0.83-0.820.340.740.58
-0.120.330.490.60.730.590.660.961.00.610.980.680.610.96-0.21-0.320.950.90.74-0.42-0.410.240.360.2
0.070.20.290.420.680.640.510.960.960.580.920.620.440.98-0.18-0.220.990.810.7-0.3-0.290.320.320.13
-0.150.290.460.580.690.610.641.00.960.620.980.630.60.97-0.18-0.320.960.890.73-0.41-0.40.290.330.14
0.130.550.50.670.550.130.760.610.580.620.690.590.720.54-0.18-0.480.580.380.15-0.72-0.710.460.710.33
-0.130.480.60.720.690.460.770.980.920.980.690.670.730.9-0.18-0.440.910.830.62-0.56-0.550.310.480.3
0.060.470.580.570.990.410.660.680.620.630.590.670.570.56-0.4-0.190.60.560.43-0.42-0.4-0.030.510.53
-0.350.820.91.00.51-0.040.980.610.440.60.720.730.570.410.0-0.570.460.360.03-0.82-0.810.290.650.5
-0.060.10.240.390.640.720.460.960.980.970.540.90.560.41-0.16-0.140.990.870.78-0.27-0.260.310.210.01
-0.44-0.060.08-0.02-0.37-0.02-0.13-0.21-0.18-0.18-0.18-0.18-0.40.0-0.160.0-0.15-0.29-0.290.190.18-0.22-0.3-0.13
-0.04-0.63-0.68-0.6-0.130.25-0.61-0.32-0.22-0.32-0.48-0.44-0.19-0.57-0.140.0-0.14-0.220.010.340.34-0.1-0.49-0.39
-0.030.150.270.430.670.680.510.950.990.960.580.910.60.460.99-0.15-0.140.810.7-0.31-0.30.350.270.05
-0.180.110.340.360.640.670.40.90.810.890.380.830.560.360.87-0.29-0.220.810.94-0.21-0.2-0.020.130.09
-0.11-0.20.050.030.540.770.080.740.70.730.150.620.430.030.78-0.290.010.70.940.080.09-0.17-0.12-0.09
0.03-0.82-0.6-0.81-0.340.24-0.83-0.42-0.3-0.41-0.72-0.56-0.42-0.82-0.270.190.34-0.31-0.210.081.0-0.51-0.84-0.59
0.03-0.81-0.6-0.8-0.320.22-0.82-0.41-0.29-0.4-0.71-0.55-0.4-0.81-0.260.180.34-0.3-0.20.091.0-0.52-0.83-0.57
0.250.23-0.080.27-0.06-0.090.340.240.320.290.460.31-0.030.290.31-0.22-0.10.35-0.02-0.17-0.51-0.520.46-0.07
0.430.870.540.650.42-0.290.740.360.320.330.710.480.510.650.21-0.3-0.490.270.13-0.12-0.84-0.830.460.81
0.30.860.630.540.44-0.330.580.20.130.140.330.30.530.50.01-0.13-0.390.050.09-0.09-0.59-0.57-0.070.81
Click cells to compare fundamentals

Blue Bird Account Relationship Matchups

Blue Bird income statement Accounts

201920202021202220232024 (projected)
Interest Expense12.3M9.7M14.7M18.0M20.7M12.9M
Total Revenue879.2M684.0M800.6M1.1B1.3B1.0B
Gross Profit96.2M72.1M36.5M138.9M125.0M87.6M
Operating Income22.0M6.5M(40.7M)51.7M46.5M48.8M
Ebit22.0M6.5M(40.7M)44.4M39.9M41.9M
Ebitda37.1M21.7M(23.7M)60.3M54.3M57.0M
Cost Of Revenue783.0M611.9M764.1M993.9M1.1B895.7M
Income Before Tax10.5M(2.0M)(53.1M)25.8M23.2M24.4M
Net Income9.0M(787K)(41.6M)23.8M21.4M22.5M
Income Tax Expense1.5M(1.2M)(11.5M)9.0M8.1M8.5M
Tax Provision1.5M(1.2M)(11.5M)9.0M8.1M8.5M
Interest Income9K11K4K1.0M903.6K858.4K
Net Interest Income(12.2M)(9.7M)(14.7M)(17.0M)(15.3M)(16.1M)

Pair Trading with Blue Bird

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blue Bird position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blue Bird will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Blue Bird could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Bird when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blue Bird - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blue Bird Corp to buy it.
The correlation of Blue Bird is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blue Bird moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Bird Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blue Bird can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Blue Bird Corp is a strong investment it is important to analyze Blue Bird's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Blue Bird's future performance. For an informed investment choice regarding Blue Stock, refer to the following important reports:
Check out Blue Bird Valuation and Blue Bird Correlation analysis.
Note that the Blue Bird Corp information on this page should be used as a complementary analysis to other Blue Bird's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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Is Blue Bird's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blue Bird. If investors know Blue will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blue Bird listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.351
Earnings Share
1.9
Revenue Per Share
37.832
Quarterly Revenue Growth
0.348
Return On Assets
0.1571
The market value of Blue Bird Corp is measured differently than its book value, which is the value of Blue that is recorded on the company's balance sheet. Investors also form their own opinion of Blue Bird's value that differs from its market value or its book value, called intrinsic value, which is Blue Bird's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blue Bird's market value can be influenced by many factors that don't directly affect Blue Bird's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Blue Bird's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Bird is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue Bird's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.