Allbirds (NASDAQ:BIRD) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Allbirds beat estimated earnings by 12.5%, reporting an EPS of $-0.21 versus an estimate of $-0.24.
Revenue was down $8.41 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 47.03% drop in the share price the next day.
Here’s a look at Allbirds’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.12 | -0.17 | -0.15 | -0.12 |
| EPS Actual | -0.17 | -0.15 | -0.12 | -0.15 |
| Revenue Estimate | 96.80M | 67.78M | 77.77M | 61.97M |
| Revenue Actual | 84.18M | 72.65M | 78.17M | 62.76M |
To track all earnings releases for Allbirds visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
