Allbirds, Inc. (NASDAQ:BIRD) Expected to Announce Earnings of -$0.15 Per Share

Wall Street analysts forecast that Allbirds, Inc. (NASDAQ:BIRDGet Rating) will post earnings of ($0.15) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Allbirds’ earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.13). The firm is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Allbirds will report full-year earnings of ($0.46) per share for the current fiscal year, with EPS estimates ranging from ($0.49) to ($0.43). For the next financial year, analysts forecast that the firm will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.48) to ($0.26). Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Allbirds.

Allbirds (NASDAQ:BIRDGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.03). The company had revenue of $62.76 million during the quarter, compared to the consensus estimate of $61.97 million. During the same quarter last year, the firm posted ($0.25) EPS. Allbirds’s quarterly revenue was up 26.4% compared to the same quarter last year.

BIRD has been the topic of a number of research reports. Wedbush initiated coverage on Allbirds in a research note on Thursday, April 28th. They set an “outperform” rating and a $8.00 price target on the stock. Bank of America dropped their price target on Allbirds from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Telsey Advisory Group dropped their price target on Allbirds from $25.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, February 18th. JPMorgan Chase & Co. dropped their price target on Allbirds from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, February 24th. Finally, Piper Sandler dropped their price target on Allbirds from $26.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, February 24th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.13.

In other Allbirds news, CEO Timothy O. Brown purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average cost of $4.86 per share, with a total value of $243,000.00. Following the completion of the transaction, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $243,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael J. Bufano purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were acquired at an average cost of $5.17 per share, with a total value of $129,250.00. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently made changes to their positions in BIRD. Ritter Daniher Financial Advisory LLC bought a new position in Allbirds during the fourth quarter valued at $30,000. FourThought Financial LLC bought a new position in Allbirds during the first quarter valued at $37,000. Captrust Financial Advisors boosted its holdings in shares of Allbirds by 90.8% in the first quarter. Captrust Financial Advisors now owns 6,514 shares of the company’s stock worth $39,000 after acquiring an additional 3,100 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of Allbirds in the fourth quarter worth $52,000. Finally, Avalon Investment & Advisory bought a new position in shares of Allbirds in the first quarter worth $63,000. 26.75% of the stock is owned by institutional investors and hedge funds.

Shares of Allbirds stock opened at $5.86 on Thursday. Allbirds has a one year low of $3.71 and a one year high of $32.44. The stock’s 50-day moving average is $5.29 and its 200 day moving average is $9.97.

About Allbirds (Get Rating)

Allbirds, Inc manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks.

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