Warby Parker (NYSE:WRBY) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Warby Parker (NYSE:WRBY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.08), Zacks reports. The firm had revenue of $190.64 million for the quarter, compared to analyst estimates of $187.63 million. Warby Parker had a negative return on equity of 8.26% and a negative net margin of 4.39%. Warby Parker updated its FY 2025 guidance to EPS.

Warby Parker Stock Performance

NYSE WRBY traded down $0.58 during trading hours on Monday, hitting $24.15. 2,321,508 shares of the company's stock were exchanged, compared to its average volume of 1,623,075. The business's 50 day moving average is $25.61 and its 200-day moving average is $20.74. Warby Parker has a 12-month low of $11.35 and a 12-month high of $28.68. The firm has a market capitalization of $2.46 billion, a P/E ratio of -89.44 and a beta of 1.90.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WRBY. The Goldman Sachs Group lifted their price target on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday. Morgan Stanley increased their price target on shares of Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Evercore ISI restated an "in-line" rating and set a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. Finally, Citigroup reiterated a "sell" rating and set a $23.00 target price (up previously from $19.00) on shares of Warby Parker in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.43.

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Insider Buying and Selling at Warby Parker

In other news, CFO Steven Clive Miller sold 14,853 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now directly owns 189,146 shares of the company's stock, valued at $4,276,591.06. The trade was a 7.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $275,321.97. This trade represents a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 608,032 shares of company stock worth $15,188,364 in the last 90 days. 26.55% of the stock is owned by company 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.