Warby Parker (WRBY) to Release Quarterly Earnings on Thursday

Warby Parker (NYSE:WRBY) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Warby Parker to post earnings of $0.05 per share for the quarter. Warby Parker has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Warby Parker (NYSE:WRBY) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $188.22 million for the quarter, compared to analyst estimates of $186.89 million. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. On average, analysts expect Warby Parker to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warby Parker Stock Up 4.8 %

Shares of NYSE:WRBY opened at $18.42 on Wednesday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -47.23 and a beta of 1.80. The company has a 50 day moving average of $15.60 and a two-hundred day moving average of $15.41. Warby Parker has a 52-week low of $9.83 and a 52-week high of $18.47.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WRBY. Stifel Nicolaus raised their price target on shares of Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a report on Friday, August 9th. Piper Sandler assumed coverage on Warby Parker in a research report on Friday, August 23rd. They set an “overweight” rating and a $18.00 target price on the stock. Loop Capital increased their price target on Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Friday, August 23rd. Finally, The Goldman Sachs Group upgraded Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.30.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 15,272 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the sale, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at approximately $2,395,263. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Steven Clive Miller sold 15,272 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares of the company’s stock, valued at $2,395,263. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley E. Singer bought 50,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $650,000.00. Following the acquisition, the director now directly owns 100,000 shares of the company’s stock, valued at $1,300,000. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Company Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.