Warby Parker (WRBY) Set to Announce Quarterly Earnings on Thursday

Warby Parker (NYSE:WRBY - Get Free Report) will release its earnings data 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.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $188.22 million during 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 Performance

Shares of WRBY stock traded down $0.17 on Thursday, hitting $16.95. The company had a trading volume of 465,573 shares, compared to its average volume of 1,388,583. The stock's 50-day moving average is $15.47 and its two-hundred day moving average is $15.28. The firm has a market cap of $1.71 billion, a P/E ratio of -43.46 and a beta of 1.82. Warby Parker has a twelve month low of $9.83 and a twelve month high of $18.37.

Analysts Set New Price Targets

Several research firms have issued reports on WRBY. Telsey Advisory Group restated an "outperform" rating and set a $19.00 price target on shares of Warby Parker in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and upped their price target for the company from $15.00 to $18.00 in a research report on Monday, October 21st. Piper Sandler started coverage on Warby Parker in a research note on Friday, August 23rd. They issued an "overweight" rating and a $18.00 price objective on the stock. Loop Capital upped their target price on Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a research report on Wednesday, July 10th. Finally, JMP Securities upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.00.

Insider Buying and Selling

In other news, CFO Steven Clive Miller sold 6,763 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the transaction, the chief financial officer now directly owns 177,488 shares of the company's stock, valued at $2,467,083.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $352,859.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $158,301. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is owned by 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.