Allbirds Inc expected to post a loss of 17 cents a share - Earnings Preview

Allbirds

06/08/2024 03:22

* Allbirds Inc  BIRD.OQ   BIRD.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 28.3% decrease in revenue to $50.515 million from
$70.48 million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$48.00 million and $53.00 million.
    * ​LSEG's mean analyst estimate for Allbirds Inc is for a
loss
of 17 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Allbirds
Inc is
$1.00​, above​ its last closing price of $0.56. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 48 million and -17 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.22       -0.21      -0.17     Beat    20.9
 Dec. 31 2024  -0.23       -0.23      -0.18     Beat    21.7
 Sep. 30 2023  -0.21       -0.22      -0.18     Beat    16.9​
 Jun. 30 2023  -0.22       -0.22      -0.18     Beat    18.2
 ​​Mar.        -0.24       -0.24      -0.21     Beat    13.8
 31 2023                                                
 Dec. 31 2022  -0.13       -0.12      -0.12     Met     0​
 Sep. 30 2022  -0.17       -0.17      -0.15     Beat    13.9
 Jun. 30 2022  -0.16       -0.16      -0.12     Beat    23.5
 This summary was machine generated August 6 at 02:22 GMT.  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)