Allbirds (BIRD) Scheduled to Post Earnings on Wednesday

Allbirds (NASDAQ:BIRD - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Allbirds to post 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.Individual interested in participating in the company's earnings conference call can do so using this link.

Allbirds (NASDAQ:BIRD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($2.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.60) by $1.20. Allbirds had a negative net margin of 61.24% and a negative return on equity of 61.22%. The company had revenue of $51.58 million during the quarter, compared to the consensus estimate of $50.34 million. During the same quarter in the prior year, the firm posted ($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 Stock Performance

NASDAQ BIRD traded up $0.13 during trading hours on Wednesday, hitting $11.27. The company had a trading volume of 32,461 shares, compared to its average volume of 54,755. Allbirds has a 1-year low of $9.06 and a 1-year high of $29.00. The company has a market cap of $1.76 billion, a PE ratio of -11.86 and a beta of 1.78. The business has a 50 day moving average of $11.71 and a 200-day moving average of $12.03.

Insider Buying and Selling

In related news, CEO Joseph Vernachio sold 2,367 shares of the 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 transaction, the chief executive officer now directly owns 43,536 shares of the company's stock, valued at $522,432. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Allbirds news, CEO Joseph Vernachio sold 2,367 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the transaction, the chief executive officer now directly owns 43,536 shares of the company's stock, valued at approximately $522,432. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy O. Brown sold 2,500 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $11.80, for a total transaction of $29,500.00. The disclosure for this sale can be found here. Insiders sold 5,742 shares of company stock valued at $68,404 over the last ninety days. Corporate insiders own 45.50% of the company's stock.

About Allbirds

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.