Allbirds (NASDAQ:BIRD) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

by · The Cerbat Gem

Allbirds (NASDAQ:BIRD – Get Free Report) posted its earnings results on Tuesday. The company reported ($3.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.40) by $0.17, Zacks reports. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%.

Allbirds Stock Down 3.9 %

Shares of BIRD traded down $0.25 during midday trading on Tuesday, reaching $6.16. 79,567 shares of the stock were exchanged, compared to its average volume of 50,360. The stock’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $8.83. The company has a market cap of $48.86 million, a P/E ratio of -0.38 and a beta of 1.56. Allbirds has a twelve month low of $5.76 and a twelve month high of $19.00.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price target on shares of Allbirds from $12.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st.

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Allbirds Company Profile

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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.

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