School bus company Blue Bird (NASDAQ: BLBD) will be reporting earnings this Wednesday after market hours. Here’s what to expect.

Blue Bird beat analysts’ revenue expectations by 7.7% last quarter, reporting revenues of $409.4 million, up 16.9% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Blue Bird a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Blue Bird’s revenue to grow 5.1% year on year to $330 million, a reversal from the 1.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.80 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Blue Bird has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.5% on average.

Looking at Blue Bird’s peers in the heavy transportation equipment segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Greenbrier’s revenues decreased 19.4% year on year, beating analysts’ expectations by 7.7%, and PACCAR reported a revenue decline of 13.7%, topping estimates by 2.5%. Greenbrier traded down 10.3% following the results while PACCAR’s stock price was unchanged.

Read our full analysis of Greenbrier’s results here and PACCAR’s results here.

There has been positive sentiment among investors in the heavy transportation equipment segment, with share prices up 7.1% on average over the last month. Blue Bird is up 7.7% during the same time and is heading into earnings with an average analyst price target of $63.75 (compared to the current share price of $51.49).

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