Allbirds: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Allbirds (NASDAQ:BIRD) reported Q4 earnings with a significant miss on estimated earnings by -61.0%, posting an EPS of $-0.37 against an estimate of $-0.23. Revenue also saw a decline, down $12.19 million from the same period last year. This follows a pattern of past earnings performance where a beat on EPS in the previous quarter led to a 24.0% drop in share price the next day.
March 12, 2024 | 8:20 pm
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NEGATIVE IMPACT
Allbirds reported a significant miss in Q4 earnings with a -61.0% deviation from estimated EPS and a revenue decline of $12.19 million from the previous year.
The significant miss in earnings and the historical context of share price dropping after a previous earnings beat suggest a negative short-term impact on BIRD's stock price. The magnitude of the miss and the revenue decline are critical factors likely to influence investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100