What to expect from Birkenstock Holding Plc’s (BIRK) current quarter earnings?

Currently, Birkenstock Holding Plc’s (BIRK) stock is trading at $54.66, marking a gain of 0.09% from last night’s close. At this price, the stock is -11.60% below its 52-week high of $61.83 and 52.55% above its 52-week low of $35.83. Based on the past 30-day period, the stock price is -11.97% below the high and +12.54% above the low.

As well, it is important to consider BIRK stock ratios such as price-to-sales, which is currently 5.80.BIRK’s price to book ratio for the most recent quarter was 3.72, resulting in an 54.10 price to cash per share for the period.

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How does Birkenstock Holding Plc (BIRK) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 15 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.47 in simple terms.

Birkenstock Holding Plc (BIRK): Earnings History

If we examine Birkenstock Holding Plc’s recent earnings history, in the last quarter ended on 3/31/2024, it posted adjusted earnings per share of $0.44, slashing the consensus of $0.39. In other words, it topped the consensus by $0.05, resulting in a 12.80% surprise. In the 3 months period before the previous quarter which was closed on 3/31/2024, the stock recorded adjusted earnings per share of $0.44 in contrast with the Outlook of $0.39. That was a difference of $0.05 and a surprise of 12.80%.

An overview of Birkenstock Holding Plc’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Birkenstock Holding Plc (BIRK) traded 1,337,277 shares per day, with a moving average of $58.53 and price change of +4.44. With the moving average of $50.85 and a price change of +12.28, about 855,039 shares changed hands on average over the past 50 days. Finally, BIRK’s 100-day average volume is 748,539 shares, alongside a moving average of $49.00 and a price change of +8.34.

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