Allbirds (BIRD) Scheduled to Post Earnings on Wednesday

Allbirds (NASDAQ:BIRD) is set to announce 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.Persons that wish to register for 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, meeting analysts’ consensus estimates of ($0.22). The company had revenue of $71.99 million for the quarter, compared to analyst estimates of $68.88 million. Allbirds had a negative return on equity of 51.83% and a negative net margin of 60.01%. On average, analysts expect Allbirds to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Allbirds Trading Down 1.3 %

Shares of NASDAQ:BIRD opened at $0.61 on Monday. Allbirds has a 12-month low of $0.54 and a 12-month high of $1.83. The firm has a market cap of $94.91 million, a PE ratio of -0.61 and a beta of 1.79. The company has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $0.90.

Analyst Upgrades and Downgrades

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