Allbirds (BIRD) Scheduled to Post Earnings on Wednesday

Allbirds (NASDAQ:BIRD) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($3.13) per share for the quarter. Allbirds has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.60) by $1.20. Allbirds had a negative return on equity of 61.22% and a negative net margin of 61.24%. The business had revenue of $51.58 million during the quarter, compared to analysts’ expectations of $50.34 million. During the same quarter in the previous year, the business earned ($3.60) earnings per share. On average, analysts expect Allbirds to post $-13 EPS for the current fiscal year and $-11 EPS for the next fiscal year.

Allbirds Trading Up 0.3 %

NASDAQ BIRD opened at $11.06 on Monday. Allbirds has a 12 month low of $9.06 and a 12 month high of $29.00. The stock’s fifty day moving average price is $11.40 and its 200-day moving average price is $12.01. The stock has a market cap of $87.23 million, a P/E ratio of -0.63 and a beta of 1.77.

Insider Activity at Allbirds

In other Allbirds news, CEO Joseph Vernachio sold 2,367 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total transaction of $28,404.00. Following the completion of the sale, the chief executive officer now directly owns 43,536 shares in the company, valued at approximately $522,432. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allbirds news, CEO Joseph Vernachio sold 2,367 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total transaction of $28,404.00. Following the sale, the chief executive officer now directly owns 43,536 shares in the company, valued at approximately $522,432. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy O. Brown sold 2,500 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $11.80, for a total value of $29,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,742 shares of company stock valued at $68,404. 45.50% of the stock is owned by insiders.

Allbirds Company Profile

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.