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

Allbirds

07/08/2024 22:53

* Allbirds Inc  BIRD.OQ  reported a quarterly adjusted loss
of 12
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of six analysts for the quarter was
for a loss of 17 cents per share. Wall Street expected
results to range from -18 cents to -17 cents per share.
    * Revenue fell 26.8% to $51.58 million from a year ago;
analysts
expected $50.52 million. 
    * Allbirds Inc's reported EPS for the quarter was a loss
of 12
cents​.
    * The company reported a quarterly loss of $19.13 million.
    * Allbirds Inc shares had risen by 16.5% this quarter and
lost 52.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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 August 7 at
09:53 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
 Jan. 1 0001       -0.17          -0.12          Beat
 Mar. 31 2024      -0.21          -0.17          Beat
 Dec. 31 2023      -0.23          -0.18          Beat
 Sep. 30 2023      -0.22          -0.18          Beat