Warby Parker (WRBY) Set to Announce Earnings on Thursday

Warby Parker (NYSE:WRBY) is set to 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Warby Parker (NYSE:WRBY) last issued 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 business had revenue of $161.86 million for the quarter, compared to analyst estimates 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 Up 0.9 %

Shares of Warby Parker stock opened at $12.79 on Tuesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -23.69 and a beta of 1.64. Warby Parker has a 1 year low of $9.83 and a 1 year high of $16.49. The company’s fifty day simple moving average is $12.69 and its 200-day simple moving average is $12.77.

Analyst Ratings Changes

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

Insider Activity at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of Warby Parker stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $103,451.04. Following the sale, the chief financial officer now directly owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Steven Clive Miller sold 8,708 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the sale, the chief financial officer now owns 191,104 shares in the company, valued at approximately $2,270,315.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Abraham Gilboa sold 52,065 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $12.20, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 89,084 shares of company stock valued at $1,074,979 over the last quarter. 26.91% of the stock is owned by company insiders.

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.