Allbirds Inc reports results for the quarter ended in June - Earnings Summary

Allbirds

09/08/2023 04:02

* Allbirds Inc  BIRD.OQ  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for a loss
of 22 cents per share.
    * Revenue fell 9.8% to $70.48 million from a year ago;
analysts
expected $66.81 million. 
    * Allbirds Inc's reported EPS for the quarter was a loss
of 19
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Allbirds Inc shares had risen by 6.3% this quarter and
lost 44.6% so far this year.
    * The company reported a quarterly loss of $28.94 million.
    * Wall Street's median 12-month price target for Allbirds
Inc is
$2.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 03:02 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.22          -0.18          Beat
 Mar. 31 2023      -0.24          -0.21          Beat
 Dec. 31 2022      -0.12          -0.12          Met
 Sep. 30 2022      -0.17          -0.15          Beat