Allbirds, Inc. [BIRD] Stock Forecast

Allbirds, Inc. is a prominent player in the production of sustainable casual wear, health and wellness, e-commerce, and sportswear. The global footwear market is expected to reach $360.6 billion by 2027, providing a large growth opportunity for Allbirds.

It's been another discombobulating week in retail, with fast fashion phenomenon Shein busy reinventing its sustainability credentials, while sustainable footwear brand Allbirds has been urged to rethink its sustainability strategy.

Allbirds, Inc. (NASDAQ:BIRD ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Katina Metzidakis - Vice President, Investor Relations & Business Development Joe Zwillinger - Co-Founder & Co-Chief Executive Officer Andy Mitchell - Chief Financial Officer Tim Brown - Co-Founder & Co-Chief Executive Officer Conference Call Participants Lorraine Hutchinson - Bank of America Bob Drbul - Guggenheim Janine Stichter - BTIG Jim Duffy - Stifel Dana Telsey - Telsey Advisory Group Tom Nikic - Wedbush Securities Mark Altschwager - Baird Operator Good afternoon, ladies and gentlemen, and welcome to the Allbirds's First Quarter 2023 Conference Call. [Operator Instructions] Now, I'd like to turn the call over to Katina Metzidakis, VP of Investor Relations and Business Development at Allbirds.

Allbirds, Inc. (BIRD) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.15 per share a year ago.

SAN FRANCISCO, April 24, 2023 (GLOBE NEWSWIRE) -- Allbirds, Inc. (Nasdaq: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced that its first quarter financial results will be released after market close on Tuesday, May 9, 2023. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Creating and selling trendy shoes has always been a tough business and often been a tough road for investors. Just look at the history of Sketchers ( SKX , Financial) and brands like LA Gear.

The Yahoo Finance Live team Seana Smith discusses the decline in Allbirds stock and its leadership transition.

Yahoo Finance Live's Julie Hyman and Ines Ferre break down the decline in stock for footwear company Allbirds.

Allbirds (NASDAQ: BIRD ) stock is falling hard on Friday following the release of its earnings report for the fourth quarter of 2022. The bad news for BIRD stock starts with its earnings per share of -17 cents.

Allbirds Inc (NASDAQ:BIRD) stock slumped in premarket trading after the footwear retailer posted a decline in fourth-quarter 2022 sales due to “execution and macro challenges.” The company, which uses naturally derived materials to make footwear and apparel products, reported revenue of $84.2 million for the three months to December 31, 2022, down 13% from a year earlier and the first time it's failed to post year-over-year quarterly sales growth.

Allbirds, Inc. is a US stock , located in San francisco of Ca and trading under the symbol BIRD

4 stock analysts have 4 predictions with a medium analyst target price of $9.38. The lowest prediction is $1.5 and the highest is $16

With a median analyst target price of $1.5, 1 stock analysts have made 1 forecasts in last 90 days. $1.5 is the lowest and $1.5 is the greatest projection.

Allbirds, Inc. stock price is $1.385 today.

Yes, Allbirds, Inc. is a publicly traded company.