Allbirds shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results, worse-than-expected revenue results and issued Q4 revenue guidance below estimates. Also, Wedbush and Telsey Advisory Group lowered their respective price targets on the the stock.
Portfolio Pulse from Benzinga Newsdesk
Allbirds reported a YoY decrease in Q3 EPS results and worse-than-expected revenue results. The company also issued Q4 revenue guidance below estimates. Wedbush and Telsey Advisory Group lowered their price targets on the stock.
November 09, 2023 | 6:43 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Allbirds reported lower than expected Q3 results and issued lower Q4 guidance. Analysts from Wedbush and Telsey Advisory Group lowered their price targets on the stock.
Allbirds reported lower than expected earnings and revenue for Q3, and also issued lower than expected guidance for Q4. This negative financial performance is likely to negatively impact the stock price. Additionally, the lowering of price targets by Wedbush and Telsey Advisory Group indicates a bearish outlook from these analysts, which could further pressure the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100