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Strength Seen in Allbirds, Inc. (BIRD): Can Its 12.6% Jump Turn into More Strength?
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Allbirds, Inc. (BIRD - Free Report) shares soared 12.6% in the last trading session to close at $8.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.8% gain over the past four weeks.
Management’s focus on aligning product innovation, marketing, and customer experience signals a cohesive strategy to revitalize brand momentum. The company also unveiled its first-ever fully waterproof shoes made with its hallmark wool material, underscoring continued product innovation. This planned rollout of modern lifestyle footwear showcasing Allbirds’ signature design, materials, and comfort could help reinforce brand distinctiveness and support its market positioning.
This company is expected to post a quarterly loss of $2.64 per share in its upcoming report, which represents a year-over-year change of +1.5%. Revenues are expected to be $35.46 million, down 17.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Allbirds, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BIRD going forward to see if this recent jump can turn into more strength down the road.
Allbirds, Inc. belongs to the Zacks Retail - Apparel and Shoes industry. Another stock from the same industry, Abercrombie & Fitch (ANF - Free Report) , closed the last trading session 1.4% lower at $72.22. Over the past month, ANF has returned -15%.
Abercrombie's consensus EPS estimate for the upcoming report has changed -1.5% over the past month to $2.18. Compared to the company's year-ago EPS, this represents a change of -12.8%. Abercrombie currently boasts a Zacks Rank of #5 (Strong Sell).
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Strength Seen in Allbirds, Inc. (BIRD): Can Its 12.6% Jump Turn into More Strength?
Allbirds, Inc. (BIRD - Free Report) shares soared 12.6% in the last trading session to close at $8.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.8% gain over the past four weeks.
Management’s focus on aligning product innovation, marketing, and customer experience signals a cohesive strategy to revitalize brand momentum. The company also unveiled its first-ever fully waterproof shoes made with its hallmark wool material, underscoring continued product innovation. This planned rollout of modern lifestyle footwear showcasing Allbirds’ signature design, materials, and comfort could help reinforce brand distinctiveness and support its market positioning.
This company is expected to post a quarterly loss of $2.64 per share in its upcoming report, which represents a year-over-year change of +1.5%. Revenues are expected to be $35.46 million, down 17.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Allbirds, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BIRD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Allbirds, Inc. belongs to the Zacks Retail - Apparel and Shoes industry. Another stock from the same industry, Abercrombie & Fitch (ANF - Free Report) , closed the last trading session 1.4% lower at $72.22. Over the past month, ANF has returned -15%.
Abercrombie's consensus EPS estimate for the upcoming report has changed -1.5% over the past month to $2.18. Compared to the company's year-ago EPS, this represents a change of -12.8%. Abercrombie currently boasts a Zacks Rank of #5 (Strong Sell).