Allbirds Inc reports results for the quarter ended in September 30 - Earnings Summary

Allbirds

07/11/2024 04:12

* Allbirds Inc  BIRD.OQ  reported a quarterly adjusted loss
of
$2.68​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-3.60.  The mean expectation of five analysts for the
quarter was for a loss of $3.20 per share. Wall Street expected
results to range from $-3.47 to $-2.93 per share.
    * Revenue fell 24.9% to $43.00 million from a year ago;
analysts
expected $41.50 million. 
    * Allbirds Inc's reported EPS for the quarter was a loss of
$2.68​.
    * The company reported a quarterly loss of $21.18 million.
    * Allbirds Inc shares had fallen by 3.7% this quarter and
lost 53.6% 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 negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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
12.00 
This summary was machine generated from LSEG data November 7 at
04:11 a.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
 Sep. 30 2024      -3.20          -2.68          Beat
 Jun. 30 2024      -3.50          -2.40          Beat
 Mar. 31 2024      -4.30          -3.40          Beat
 Dec. 31 2023      -4.60          -3.60          Beat