William Blair Boosts Earnings Estimates for Allbirds

Allbirds, Inc. (NASDAQ:BIRD) – Analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for Allbirds in a research note issued on Wednesday, November 6th. William Blair analyst D. Carden now forecasts that the company will post earnings of ($11.33) per share for the year, up from their prior forecast of ($12.94). The consensus estimate for Allbirds’ current full-year earnings is ($12.57) per share. William Blair also issued estimates for Allbirds’ Q4 2024 earnings at ($3.18) EPS, Q2 2025 earnings at ($2.11) EPS, Q3 2025 earnings at ($2.22) EPS, Q4 2025 earnings at ($2.45) EPS and FY2025 earnings at ($9.67) EPS.

Allbirds Price Performance

BIRD stock opened at $7.95 on Monday. The stock has a market capitalization of $62.73 million, a P/E ratio of -0.49 and a beta of 1.77. The business has a 50-day moving average of $10.91 and a 200-day moving average of $11.93. Allbirds has a fifty-two week low of $7.87 and a fifty-two week high of $29.00.

Allbirds (NASDAQ:BIRD) last posted its earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.13) by $0.45. The firm had revenue of $43.00 million during the quarter, compared to analysts’ expectations of $42.11 million. Allbirds had a negative return on equity of 61.72% and a negative net margin of 60.43%. During the same period in the previous year, the firm earned ($4.20) earnings per share.

Insider Buying and Selling

In related news, CEO Joseph Vernachio sold 2,367 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total transaction of $28,404.00. Following the sale, the chief executive officer now owns 43,536 shares in the company, valued at approximately $522,432. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 45.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Allbirds

A hedge fund recently bought a new stake in Allbirds stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Allbirds, Inc. (NASDAQ:BIRD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned 0.08% of Allbirds as of its most recent SEC filing. Institutional investors own 44.07% of the company’s stock.

About Allbirds

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.