Allbirds (BIRD) Scheduled to Post Quarterly Earnings on Wednesday

Allbirds (NASDAQ:BIRD) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Allbirds has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. Allbirds had a negative net margin of 60.50% and a negative return on equity of 57.15%. The business had revenue of $39.33 million for the quarter, compared to analysts’ expectations of $39.73 million. On average, analysts expect Allbirds to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Allbirds Price Performance

Shares of NASDAQ BIRD opened at $0.56 on Tuesday. Allbirds has a one year low of $0.45 and a one year high of $1.76. The business’s 50-day moving average price is $0.58 and its two-hundred day moving average price is $0.71. The company has a market capitalization of $87.27 million, a P/E ratio of -0.60 and a beta of 1.76.

Analyst Ratings Changes

Separately, Wedbush dropped their price target on shares of Allbirds from $0.90 to $0.70 and set a “neutral” rating on the stock in a research note on Thursday, May 9th.

Insiders Place Their Bets

In other news, CFO Ann Mitchell sold 62,486 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $0.56, for a total value of $34,992.16. Following the completion of the sale, the chief financial officer now directly owns 812,024 shares in the company, valued at $454,733.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 45.50% of the company’s stock.

About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.