Warby Parker (WRBY) to Release Quarterly Earnings on Thursday

Warby Parker (NYSE:WRBY) will post its quarterly 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.Parties interested in registering for the company’s conference call can do so using this link.

Warby Parker (NYSE:WRBY) last released its earnings results on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $161.86 million for the quarter, compared to the consensus estimate of $161.01 million. Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. 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 Trading Down 1.0 %

WRBY stock opened at $12.66 on Wednesday. The stock has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $12.76. The stock has a market cap of $1.25 billion, a PE ratio of -23.44 and a beta of 1.64. Warby Parker has a 1 year low of $9.83 and a 1 year high of $16.49.

Analyst Ratings Changes

WRBY has been the subject of a number of research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 target price on shares of Warby Parker in a report on Wednesday, February 28th. Morgan Stanley increased their price objective on shares of Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Warby Parker has a consensus rating of “Hold” and a consensus price target of $16.29.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the sale, the chief financial officer now directly owns 191,104 shares in the company, valued at approximately $2,270,315.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David Abraham Gilboa sold 52,065 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.20, for a total value of $635,193.00. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares in the company, valued at approximately $150,133.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the sale, the chief financial officer now owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The disclosure for this sale can be found here. Insiders sold a total of 89,084 shares of company stock worth $1,074,979 in the last three months. Insiders own 26.91% of the company’s stock.

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.