Allbirds (NASDAQ:BIRD) Announces Earnings Results, Beats Expectations By $0.17 EPS

by · The Markets Daily

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

Allbirds Stock Performance

BIRD stock traded down $0.25 during trading on Tuesday, hitting $6.16. 87,558 shares of the company traded hands, compared to its average volume of 50,360. The company has a 50-day moving average of $6.75 and a 200-day moving average of $8.83. Allbirds has a 1 year low of $5.76 and a 1 year high of $19.00. The firm has a market capitalization of $48.86 million, a PE ratio of -0.38 and a beta of 1.56.

Analysts Set New Price Targets

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

View Our Latest Research Report on BIRD

Allbirds Company Profile

(Get Free Report)

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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