Allbirds, Inc. (NASDAQ:BIRD) Expected to Announce Quarterly Sales of $77.61 Million

Brokerages expect Allbirds, Inc. (NASDAQ:BIRDGet Rating) to report $77.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Allbirds’ earnings. The highest sales estimate is $78.80 million and the lowest is $77.00 million. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Allbirds will report full-year sales of $340.31 million for the current year, with estimates ranging from $337.80 million to $344.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $436.82 million, with estimates ranging from $421.03 million to $451.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Allbirds.

Allbirds (NASDAQ:BIRDGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The business had revenue of $62.76 million for the quarter, compared to analyst estimates of $61.97 million. During the same period in the prior year, the firm earned ($0.25) earnings per share. The firm’s quarterly revenue was up 26.4% on a year-over-year basis.

A number of equities analysts have commented on BIRD shares. Wedbush started coverage on shares of Allbirds in a research note on Thursday, April 28th. They issued an “outperform” rating and a $8.00 price objective for the company. Zacks Investment Research cut shares of Allbirds from a “hold” rating to a “sell” rating in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. lowered their target price on shares of Allbirds from $17.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, February 24th. Piper Sandler lowered their target price on shares of Allbirds from $26.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, February 24th. Finally, Telsey Advisory Group decreased their price objective on shares of Allbirds from $25.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.33.

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 shares were purchased at an average cost of $4.86 per share, for a total transaction of $243,000.00. Following the completion of the purchase, the chief executive officer now directly owns 50,000 shares in the company, valued at $243,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael J. Bufano bought 25,000 shares of the firm’s stock in a transaction on Monday, March 14th. The shares were purchased at an average price of $5.17 per share, for a total transaction of $129,250.00. The disclosure for this purchase can be found here.

A number of institutional investors and hedge funds have recently bought and sold shares of BIRD. Ritter Daniher Financial Advisory LLC purchased a new stake in shares of Allbirds during the fourth quarter worth about $30,000. FourThought Financial LLC purchased a new stake in shares of Allbirds during the first quarter worth about $37,000. Captrust Financial Advisors grew its holdings in shares of Allbirds by 90.8% during the first quarter. Captrust Financial Advisors now owns 6,514 shares of the company’s stock worth $39,000 after buying an additional 3,100 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Allbirds during the fourth quarter worth about $52,000. Finally, Avalon Investment & Advisory purchased a new stake in shares of Allbirds during the first quarter worth about $63,000. Institutional investors own 26.75% of the company’s stock.

Shares of NASDAQ:BIRD traded up $0.09 on Friday, reaching $4.68. The company’s stock had a trading volume of 2,500,037 shares, compared to its average volume of 2,204,808. Allbirds has a 52-week low of $3.71 and a 52-week high of $32.44. The company has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $11.31.

Allbirds Company Profile (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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Earnings History and Estimates for Allbirds (NASDAQ:BIRD)

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