Allbirds Q1 2024 GAAP EPS $(0.18) Beats $(0.21) Estimate, Sales $39.327M Miss $39.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allbirds (NASDAQ:BIRD) reported Q1 2024 earnings with a smaller loss per share of $(0.18) compared to the expected $(0.21), beating estimates by 14.29%. However, their sales of $39.327M fell short of the $39.610M estimate, marking a 27.64% decrease from the previous year.
May 08, 2024 | 8:58 pm
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NEUTRAL IMPACT
Allbirds reported a smaller-than-expected Q1 2024 loss per share but missed sales estimates, indicating mixed financial health.
The better-than-expected EPS could be seen positively by investors, suggesting cost management or operational efficiency. However, the miss on sales estimates and a significant year-over-year decrease could raise concerns about revenue growth and market demand. The mixed results make the short-term impact neutral as investors weigh the positives against the negatives.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100