* Allbirds Inc reported a quarterly adjusted loss of $2.68 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-3.60. The mean expectation of five analysts for the quarter was for a loss of $3.20 per share. Wall Street expected results to range from $-3.47 to $-2.93 per share.
* Revenue fell 24.9% to $43.00 million from a year ago; analysts expected $41.50 million.
* Allbirds Inc's reported EPS for the quarter was a loss of $2.68.
* The company reported a quarterly loss of $21.18 million.
* Allbirds Inc shares had fallen by 3.7% this quarter and lost 53.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 12.00 This summary was machine generated from LSEG data November 7 at 04:11 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -3.20 -2.68 Beat
Jun. 30 2024 -3.50 -2.40 Beat
Mar. 31 2024 -4.30 -3.40 Beat
Dec. 31 2023 -4.60 -3.60 Beat
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