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

Allbirds

10/05/2023 17:45

* Allbirds Inc  BIRD.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for a loss
of 24 cents per share.
    * Revenue fell 13.4% to $54.35 million from a year ago;
analysts
expected $47.96 million. 
    * Allbirds Inc's reported EPS for the quarter was a loss
of 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 78.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Allbirds Inc shares had risen by 13.3% this quarter and
lost 43.8% so far this year.
    * The company reported a quarterly loss of $35.17 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 May
10 at 04:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.24          -0.21          Beat
 Dec. 31 2022      -0.12          -0.12          Met
 Sep. 30 2022      -0.17          -0.15          Beat
 Jun. 30 2022      -0.16          -0.12          Beat