Allbirds Q4 2023 GAAP EPS $(0.37) Misses $(0.23) Estimate, Sales $71.990M Beat $69.058M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allbirds (NASDAQ:BIRD) reported Q4 2023 earnings with a GAAP EPS of $(0.37), missing the $(0.23) estimate by 60.87%, and a 117.65% decrease from last year. Sales were $71.990M, beating the $69.058M estimate by 4.25%, but down 14.48% from the previous year.
March 12, 2024 | 8:18 pm
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NEGATIVE IMPACT
Allbirds reported a significant miss on its Q4 2023 GAAP EPS and a decrease in sales compared to last year, though it beat sales estimates.
The significant miss in EPS estimates and the year-over-year decrease in sales, despite beating sales estimates, could lead to negative investor sentiment in the short term. The magnitude of the EPS miss and the sales decline from the previous year are critical factors likely to impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100