Warby Parker (WRBY) Set to Announce Earnings on Thursday

Warby Parker (NYSE:WRBY – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 11th. Analysts expect Warby Parker to post earnings of ($0.02) per share for the quarter. Warby Parker has set its FY 2022 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Warby Parker (NYSE:WRBY – Get Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.29). The business had revenue of $153.20 million for the quarter, compared to analyst estimates of $154.08 million. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Warby Parker to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warby Parker Stock Performance

NYSE:WRBY opened at $12.80 on Thursday. The firm has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $22.87. Warby Parker has a 12 month low of $10.86 and a 12 month high of $60.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WRBY shares. Loop Capital reduced their price objective on shares of Warby Parker from $18.00 to $15.00 and set a “hold” rating for the company in a report on Monday, June 27th. Telsey Advisory Group reduced their price objective on shares of Warby Parker to $30.00 and set an “outperform” rating for the company in a report on Tuesday, May 17th. Piper Sandler started coverage on shares of Warby Parker in a report on Friday, July 22nd. They set an “overweight” rating and a $20.00 price objective for the company. Robert W. Baird reduced their price objective on shares of Warby Parker from $40.00 to $30.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Finally, Citigroup cut their price target on shares of Warby Parker from $41.00 to $29.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.18.

Insider Transactions at Warby Parker

In other news, CFO Steven Clive Miller sold 7,053 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $13.42, for a total value of $94,651.26. Following the completion of the transaction, the chief financial officer now directly owns 158,369 shares of the company’s stock, valued at $2,125,311.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO David Abraham Gilboa sold 5,224 shares of Warby Parker stock in a transaction on Friday, June 10th. The stock was sold at an average price of $14.64, for a total transaction of $76,479.36. Following the completion of the sale, the chief executive officer now owns 235 shares of the company’s stock, valued at $3,440.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Clive Miller sold 7,053 shares of Warby Parker stock in a transaction on Monday, June 13th. The shares were sold at an average price of $13.42, for a total value of $94,651.26. Following the sale, the chief financial officer now directly owns 158,369 shares of the company’s stock, valued at approximately $2,125,311.98. The disclosure for this sale can be found here. Insiders sold 17,361 shares of company stock valued at $245,560 over the last three months. Company insiders own 25.36% of the company’s stock.

Institutional Investors Weigh In On Warby Parker

Large investors have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP purchased a new stake in Warby Parker during the first quarter valued at about $200,000. PNC Financial Services Group Inc. purchased a new stake in Warby Parker during the first quarter valued at about $277,000. HighTower Advisors LLC increased its holdings in shares of Warby Parker by 66.1% in the first quarter. HighTower Advisors LLC now owns 8,530 shares of the company’s stock worth $289,000 after buying an additional 3,396 shares during the period. UBS Group AG increased its holdings in shares of Warby Parker by 71.2% in the first quarter. UBS Group AG now owns 10,515 shares of the company’s stock worth $356,000 after buying an additional 4,374 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Warby Parker by 59.3% in the first quarter. Royal Bank of Canada now owns 10,744 shares of the company’s stock worth $363,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Warby Parker Company Profile

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Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.