Allbirds FY2024 EPS Estimate Increased by William Blair

Allbirds, Inc. (NASDAQ:BIRD - Free Report) - Equities research analysts at William Blair boosted their FY2024 earnings per share estimates for Allbirds in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst D. Carden now expects that the company will post earnings of ($11.33) per share for the year, up from their prior forecast of ($12.94). The consensus estimate for Allbirds' current full-year earnings is ($12.57) per share. William Blair also issued estimates for Allbirds' Q4 2024 earnings at ($3.18) EPS, Q2 2025 earnings at ($2.11) EPS, Q3 2025 earnings at ($2.22) EPS, Q4 2025 earnings at ($2.45) EPS and FY2025 earnings at ($9.67) EPS.

Allbirds (NASDAQ:BIRD - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($2.68) EPS for the quarter, beating the consensus estimate of ($3.13) by $0.45. Allbirds had a negative return on equity of 61.72% and a negative net margin of 60.43%. The company had revenue of $43.00 million during the quarter, compared to analysts' expectations of $42.11 million. During the same period last year, the firm earned ($4.20) EPS.

Allbirds Trading Up 4.2 %

Shares of NASDAQ:BIRD traded up $0.33 during midday trading on Monday, hitting $8.28. The company had a trading volume of 87,139 shares, compared to its average volume of 56,913. The firm has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $11.93. The stock has a market cap of $65.30 million, a price-to-earnings ratio of -0.51 and a beta of 1.77. Allbirds has a 12 month low of $7.75 and a 12 month high of $29.00.

Insider Transactions at Allbirds

In related news, CEO Joseph Vernachio sold 2,367 shares of Allbirds stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total transaction of $28,404.00. Following the transaction, the chief executive officer now owns 43,536 shares of the company's stock, valued at $522,432. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 45.50% of the company's stock.

Hedge Funds Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Allbirds, Inc. (NASDAQ:BIRD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 129,694 shares of the company's stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds at the end of the most recent quarter. Institutional investors own 44.07% of the company's stock.

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.