Allbirds (BIRD) Scheduled to Post Earnings on Wednesday

Allbirds (NASDAQ:BIRD) is scheduled to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect Allbirds to post earnings of ($0.18) per share for the quarter. Allbirds has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.03. The firm had revenue of $39.33 million for the quarter, compared to analyst estimates of $39.73 million. Allbirds had a negative net margin of 60.50% and a negative return on equity of 57.15%. On average, analysts expect Allbirds to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Allbirds Price Performance

Shares of BIRD stock opened at $0.56 on Tuesday. The business has a fifty day moving average of $0.58 and a 200 day moving average of $0.71. Allbirds has a 1 year low of $0.45 and a 1 year high of $1.76. The firm has a market capitalization of $87.27 million, a price-to-earnings ratio of -0.60 and a beta of 1.76.

Insider Activity

In other Allbirds news, CFO Ann Mitchell sold 62,486 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $0.56, for a total transaction of $34,992.16. Following the transaction, the chief financial officer now owns 812,024 shares in the company, valued at $454,733.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 45.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush lowered their price objective on Allbirds from $0.90 to $0.70 and set a “neutral” rating on the stock in a research report on Thursday, May 9th.

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.