What long-term trends can investors expect from BLBD's earnings?

Blue Bird (BLBD) has demonstrated volatile earnings over the past five years, with a significant decline in net income and total revenue in 2021 and 2022, followed by a recovery in 2023 and 2024:

1. **Volatility in Net Income**: The net income of BLBD has experienced a substantial decrease from $24.66 million in 2023 to -$2.39 million in 2021, and then gradually recovered to $24.66 million in 2024. This indicates a volatile trend in the company's profitability.
2. **Revenue Decline Followed by Recovery**: The total revenue of BLBD also showed a decline from $350.21 million in 2023 to $257.67 million in 2022, before increasing to $350.21 million in 2024. This suggests a pattern of revenue decline followed by recovery.
3. **Growth Rates Fluctuate**: The net income growth rate has been positive in 2024 at 19.32%, but negative in 2021 at -1.02%. The revenue growth rate has been positive in 2024 at 0.62%, but negative in 2022 at -0.22%. These fluctuations indicate that while there is potential for growth, it is not consistent.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|BLBD|BLBD.O|Blue Bird|2020 Q2|5.052005943536404|-639000|185|
|BLBD|BLBD.O|Blue Bird|2020 Q3|-91.19238408328196|1286000|185|
|BLBD|BLBD.O|Blue Bird|2020 Q4|3.0106970324361626|1.1941E7|185|
|BLBD|BLBD.O|Blue Bird|2021 Q1|-300.49627791563273|-1614000|185|
|BLBD|BLBD.O|Blue Bird|2021 Q2|3.1298904538341157|-619000|185|
|BLBD|BLBD.O|Blue Bird|2021 Q3|236.85847589424571|4332000|185|
|BLBD|BLBD.O|Blue Bird|2021 Q4|-119.99832509840047|-2388000|185|
|BLBD|BLBD.O|Blue Bird|2022 Q1|-152.91201982651796|-4082000|185|
|BLBD|BLBD.O|Blue Bird|2022 Q2|-1862.3586429725365|-1.2147E7|185|
|BLBD|BLBD.O|Blue Bird|2022 Q3|-248.54570637119116|-6435000|185|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|BLBD|BLBD.O|Blue Bird|2020 Q2|20.681150244280435|2.55412E8|185|
|BLBD|BLBD.O|Blue Bird|2020 Q3|-38.73156418610375|1.89181E8|185|
|BLBD|BLBD.O|Blue Bird|2020 Q4|-18.08303156620053|2.81411E8|185|
|BLBD|BLBD.O|Blue Bird|2021 Q1|-14.8697598830417|1.30434E8|185|
|BLBD|BLBD.O|Blue Bird|2021 Q2|-35.51673374782704|1.64698E8|185|
|BLBD|BLBD.O|Blue Bird|2021 Q3|3.9528282438511266|1.96659E8|185|
|BLBD|BLBD.O|Blue Bird|2021 Q4|-31.69989801393691|1.92204E8|185|
|BLBD|BLBD.O|Blue Bird|2022 Q1|-0.9284389039667572|1.29223E8|185|
|BLBD|BLBD.O|Blue Bird|2022 Q2|26.08471262553279|2.07659E8|185|
|BLBD|BLBD.O|Blue Bird|2022 Q3|4.792051215555861|2.06083E8|185|

Investors should be cautious due to the volatility and fluctuations in both net income and revenue, which may not be indicative of a stable or predictable long-term trend. The recovery in earnings in 2023 and 2024 provides some optimism, but the past performance does not guarantee future results. It is important to monitor the company's performance closely and consider the broader market and industry conditions when assessing the long-term prospects of investing in BLBD.