Warby Parker (WRBY) Set to Announce Earnings on Thursday

Warby Parker (NYSE:WRBY) will announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Warby Parker has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $161.86 million during the quarter, compared to the consensus estimate of $161.01 million. Warby Parker had a negative net margin of 9.44% and a negative return on equity of 16.36%. 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 0.9 %

Shares of WRBY stock opened at $12.79 on Tuesday. Warby Parker has a twelve month low of $9.83 and a twelve month high of $16.49. The stock’s fifty day simple moving average is $12.69 and its 200 day simple moving average is $12.77. The firm has a market capitalization of $1.27 billion, a P/E ratio of -23.69 and a beta of 1.64.

Insider Activity at Warby Parker

In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $336,334.68. Following the completion of the transaction, the chief executive officer now owns 12,306 shares in the company, valued at approximately $146,195.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO David Abraham Gilboa sold 28,311 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $336,334.68. Following the transaction, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at $146,195.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven Clive Miller sold 8,708 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the transaction, the chief financial officer now owns 191,104 shares in the company, valued at approximately $2,270,315.52. The disclosure for this sale can be found here. Insiders have sold 89,084 shares of company stock worth $1,074,979 over the last ninety days. Insiders own 26.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Telsey Advisory Group reissued an “outperform” rating and set a $19.00 target price on shares of Warby Parker in a report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.29.

About Warby Parker

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.