Allbirds Inc reports results for the quarter ended March 31 - Earnings Summary

• Allbirds Inc BIRD.OQ reported a quarterly adjusted loss of $2.73​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-3.40. The mean expectation of five analysts for the quarter was for a loss of $3.83 per share. Wall Street expected results to range from $-3.94 to $-3.72 per share.

• Revenue fell 18.3% to $32.11 million from a year ago; analysts expected $30.01 million.

• Allbirds Inc's reported EPS for the quarter was a loss of $2.73​.

• The company reported a quarterly loss of $21.88 million.

• Allbirds Inc shares had fallen by 15.4% this quarter and lost 21.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 28.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the footwear peer group is also "hold"

• Wall Street's median 12-month price target for Allbirds Inc is $10.00

This summary was machine generated from LSEG data May 8 at 11:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)