Allbirds Inc reports results for the quarter ended in December - Earnings Summary

Allbirds

12/03/2024 21:42

* Allbirds Inc  BIRD.OQ  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 23 cents per share. Wall Street expected
results to range from -26 cents to -21 cents per share.
    * Revenue fell 14.5% to $71.99 million from a year ago;
analysts
expected $69.06 million. 
    * Allbirds Inc's reported EPS for the quarter was a loss
of 37
cents​.
    * The company reported a quarterly loss of $56.78 million.
    * Allbirds Inc shares had fallen by 32.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the footwear peer
group
is also "hold"

Wall Street's median 12-month price target for Allbirds Inc is
$1.00 
This summary was machine generated from LSEG data March 12 at
09:42 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.23          -0.18          Beat
 Sep. 30 2023      -0.22          -0.18          Beat
 Jun. 30 2023      -0.22          -0.18          Beat
 Mar. 31 2023      -0.24          -0.21          Beat