Brokerages expect Warby Parker Inc. (NYSE:WRBY – Get Rating) to announce earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Warby Parker’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.05. The company is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Warby Parker will report full-year earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.06 to $0.11. For the next fiscal year, analysts anticipate that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.19 to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Warby Parker.
Warby Parker (NYSE:WRBY – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $132.89 million for the quarter, compared to the consensus estimate of $133.35 million. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS.
In other Warby Parker news, CEO David Abraham Gilboa sold 5,354 shares of Warby Parker stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $25.00, for a total value of $133,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 19,325 shares of Warby Parker stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $30.01, for a total value of $579,943.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,446 shares of company stock valued at $857,968.
Several institutional investors and hedge funds have recently bought and sold shares of WRBY. Goldman Sachs Group Inc. purchased a new position in shares of Warby Parker during the third quarter valued at approximately $2,101,000. Jacobson & Schmitt Advisors LLC purchased a new position in shares of Warby Parker during the third quarter valued at approximately $3,464,000. Pathway Capital Management LP bought a new stake in shares of Warby Parker during the third quarter valued at approximately $8,688,000. Tao Capital Management LP bought a new stake in shares of Warby Parker during the third quarter valued at approximately $12,642,000. Finally, Bamco Inc. NY bought a new stake in shares of Warby Parker during the third quarter valued at approximately $13,709,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
WRBY stock opened at $17.44 on Friday. Warby Parker has a fifty-two week low of $15.02 and a fifty-two week high of $60.30. The stock has a fifty day moving average of $27.15 and a 200-day moving average of $36.82.
About Warby Parker (Get Rating)
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.
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