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Optical retailer National Vision (NYSE: EYE)
will be reporting earnings this Wednesday before the bell. Here’s what investors should know.
National Vision beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $510.3 million, up 5.7% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
This quarter, analysts are expecting National Vision’s revenue to grow 4% year on year to $469.8 million, in line with the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. National Vision has missed Wall Street’s revenue estimates five times over the last two years.
Looking at National Vision’s peers in the consumer retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 0.9%, and Walgreens reported revenues up 7.2%, topping estimates by 6.4%. Tractor Supply’s stock price was unchanged after the resultswhile Walgreens was up 1.2%.
Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. National Vision is up 9.3% during the same time and is heading into earnings with an average analyst price target of $27 (compared to the current share price of $25.50).
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