William Blair Increases Earnings Estimates for Allbirds

Allbirds, Inc. (NASDAQ:BIRD) – Equities researchers at William Blair raised their FY2024 earnings per share (EPS) estimates for Allbirds in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst D. Carden now anticipates 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 ($11.84) 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 Price Performance

BIRD opened at $7.99 on Monday. Allbirds has a 1-year low of $7.65 and a 1-year high of $29.00. The company has a market capitalization of $63.04 million, a price-to-earnings ratio of -0.50 and a beta of 1.77. The business has a 50 day moving average price of $10.91 and a two-hundred day moving average price of $11.93.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.13) by $0.45. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.11 million. Allbirds had a negative return on equity of 61.72% and a negative net margin of 60.43%. During the same period in the previous year, the business earned ($4.20) EPS.

Insider Transactions at Allbirds

In other Allbirds 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 value of $28,404.00. Following the transaction, the chief executive officer now owns 43,536 shares in the company, valued at approximately $522,432. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 45.50% of the company’s stock.

Institutional Investors Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.08% of Allbirds as of its most recent filing with the Securities & Exchange Commission. 44.07% of the stock is currently owned by institutional investors and hedge funds.

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.