Allbirds, Inc. (BIRD) came out with a quarterly loss of $2.68 per share versus the Zacks Consensus Estimate of a loss of $3.13. This compares to loss of $4.20 per share a year ago.
Allbirds, Inc. (BIRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Allbirds, Inc. (BIRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Recent headwinds include a 26.8% YoY revenue decline due to lower unit sales, driven by a shift toward full price selling and underperforming store closures. Their stagnant product lineup and heavy competition in the sustainable footwear market limit their ability to justify full price tags on their products. International sales fell 24%, impacted by the transition to a distributor model, which I believe risks diluting Allbirds' brand experience.
Allbirds (BIRD) completed a 1-for-20 reverse stock split Wednesday evening, a move meant to maintain the footwear and apparel maker and retailer's listing on the Nasdaq.
Allbirds, Inc. (NASDAQ:BIRD ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Joe Vernachio - Chief Executive Officer Annie Mitchell - Chief Financial Officer Conference Call Participants Ethan Saghi - BTIG Alex Straton - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Allbirds Second Quarter 2024 Conference Call. All participants have been placed in a listen-only mode.
While the top- and bottom-line numbers for Allbirds, Inc. (BIRD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Allbirds, Inc. (BIRD) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.18 per share a year ago.
Allbirds, Inc. (BIRD) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
High-risk penny stocks are known for their volatility. They often feature low trading volumes, minimal prices and unstable financial and fundamental standings.
Allbirds (BIRD) expands its global reach by securing distribution agreements in Benelux and Scandinavia, enhancing its presence in the key international markets.
After losing some value lately, a hammer chart pattern has been formed for Allbirds, Inc. (BIRD), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.