Allbirds Q2 EPS $(0.19) Beats $(0.22) Estimate, Sales $70.50M Beat $66.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allbirds (NASDAQ:BIRD) reported Q2 earnings per share of $(0.19), beating the analyst consensus estimate of $(0.22) by 13.64%. However, this is a 58.33% decrease from the same period last year. The company also reported quarterly sales of $70.50 million, beating the estimate of $66.81 million by 5.52%, but this is a 9.82% decrease from last year.
August 08, 2023 | 8:18 pm
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NEUTRAL IMPACT
Allbirds reported better than expected Q2 earnings and sales, but both figures decreased from the same period last year.
While Allbirds beat analyst estimates for Q2, the decrease in earnings and sales from the same period last year could potentially offset any positive impact from the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100