Allbirds Inc reports results for the quarter ended December 31 - Earnings Summary
Allbirds IncQ) reported a quarterly adjusted loss of $3.23 per share for the quarter ended December 31, an improvement from a loss of $3.60 in the same quarter last year. Revenue fell 22.4% to $55.85 million, slightly below analyst expectations of $55.87 million. The company reported a total loss of $25.68 million and its shares fell by 8.0% this quarter. Analysts maintain a "hold" rating on the stock, with a median 12-month price target of $9.00.
Allbirds Inc (BIRD.OQ) reported a quarterly adjusted loss of $3.23 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-3.60. The mean expectation of four analysts for the quarter was for a loss of $3.43 per share. Wall Street expected results to range from $-3.73 to $-3.18 per share.
Revenue fell 22.4% to $55.85 million from a year ago; analysts expected $55.87 million.
Allbirds Inc’s reported EPS for the quarter was a loss of $3.23.
The company reported a quarterly loss of $25.68 million.
Allbirds Inc shares had fallen by 8.0% this quarter. FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. 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 $9.00 This summary was machine generated from LSEG data March 11 at 09:00 p.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
Dec. 31 2024 -3.43 -3.23 Beat
Sep. 30 2024 -3.18 -2.68 Beat
Jun. 30 2024 -3.50 -2.40 Beat
Mar. 31 2024 -4.33 -3.40 Beat
