Allbirds Inc expected to post a loss of $3.20 a share - Earnings Preview

Allbirds

04/11/2024 22:11

* Allbirds Inc  BIRD.OQ   BIRD.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The San Francisco California-based  company is expected to
report a 27.5% decrease in revenue to $41.5 million from $57.24
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue between
$40.00 million and $43.00 million.
    * ​LSEG's mean analyst estimate for Allbirds Inc is for a
loss of
$3.20 per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Allbirds
Inc is
$13.00​, above​ its last closing price of $11.06. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 40 million and -16
million (USD).The company's guidance on August 7 2024 for the
period ended September 30 was for gross profit margin between
USD44% and USD46%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -3.40       -3.50      -2.40     Beat    31.4
 Mar. 31 2024  -4.34       -4.30      -3.40     Beat    20.9
 Dec. 31 2023  -4.66       -4.60      -3.60     Beat    21.7​
 Sep. 30 2023  -4.27       -4.33      -3.60     Beat    16.9
 ​​Jun.        -4.44       -4.40      -3.60     Beat    18.2
 30 2023                                                
 Mar. 31 2023  -4.79       -4.87      -4.20     Beat    13.8​
 Dec. 31 2022  -2.55       -2.40      -2.40     Met     0
 Sep. 30 2022  -3.48       -3.48      -3.00     Beat    13.9
 This summary was machine generated November 4 at 22:11 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)