Allbirds Sees Q2 Net Revenue Of $48M-$53M (Est $51.575M); Reiterates FY24 Outlook Of $190M-$210M (Est $198.25M)
Portfolio Pulse from Benzinga Newsdesk
Allbirds projects Q2 net revenue to be between $48M-$53M, aligning with estimates of $51.575M. The company also reaffirms its full-year 2024 revenue outlook of $190M-$210M, closely matching the estimated $198.25M.
May 08, 2024 | 9:43 pm
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Allbirds projects its Q2 net revenue to be in the range of $48M-$53M, which is in line with analyst estimates. The company also reiterates its FY24 revenue forecast of $190M-$210M, closely matching the estimated figures.
The alignment of Allbirds' Q2 revenue projections with analyst estimates and the reaffirmation of its FY24 outlook suggest a positive market perception and stability in its business operations. This could lead to increased investor confidence and potentially a positive impact on its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100