Allbirds (BIRD) Scheduled to Post Quarterly Earnings on Wednesday

Allbirds (NASDAQ:BIRD) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Allbirds has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Allbirds (NASDAQ:BIRD) last announced its earnings results on Tuesday, March 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). Allbirds had a negative net margin of 60.01% and a negative return on equity of 51.83%. The company had revenue of $71.99 million for the quarter, compared to analysts’ expectations of $68.88 million. On average, analysts expect Allbirds to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Allbirds Stock Down 4.8 %

Shares of BIRD opened at $0.60 on Wednesday. Allbirds has a 52-week low of $0.54 and a 52-week high of $1.83. The firm’s fifty day moving average is $0.73 and its two-hundred day moving average is $0.91. The stock has a market cap of $93.63 million, a PE ratio of -0.60 and a beta of 1.82.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BIRD shares. Piper Sandler cut their price target on shares of Allbirds from $1.60 to $1.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $1.00 price target on shares of Allbirds in a research note on Wednesday, March 6th. Finally, Wedbush cut their price target on shares of Allbirds from $1.00 to $0.90 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th.

Allbirds Company Profile

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.