National Vision (NASDAQ:EYE) Shares Up 11.1% After Better-Than-Expected Earnings

National Vision Holdings, Inc. (NASDAQ:EYE) shares rose 11.1% on Wednesday following a stronger than expected earnings report. The stock traded as high as $29.58 and last traded at $29.58. Approximately 786,437 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 1,158,297 shares. The stock had previously closed at $26.63.

The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.10. The company had revenue of $503.41 million during the quarter, compared to analyst estimates of $495.26 million. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. National Vision’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. National Vision has set its FY 2026 guidance at 0.850-1.090 EPS.

Key Headlines Impacting National Vision

Here are the key news stories impacting National Vision this week:

• Positive Sentiment: Q4 EPS and revenue beat—National Vision reported $0.15 EPS (vs. ~ $0.05–$0.06 consensus) and $503.4M revenue (above estimates), with revenue up ~15% YoY. The profit swing from a year‑ago loss and the top‑line beat are primary catalysts for the rally. National Vision (EYE) Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: FY2026 EPS guidance topped consensus—management set EPS of $0.85–$1.09 for FY26, above the street’s ~ $0.81 estimate, supporting upside to future earnings expectations and multiple expansion. National Vision Holdings, Inc. Reports Fourth Quarter and Fiscal 2025 Financial Results
• Neutral Sentiment: Revenue guidance is roughly in line but conservative—the company guided FY26 revenue to about $2.0–$2.1B vs. consensus near $2.1B. That keeps growth assumptions intact but offers less upside than the EPS guide. Investors will watch cadence and margin progress during the year. National Vision Holdings, Inc. Q4 2025 Earnings Call Summary
• Neutral Sentiment: Management commentary and investor materials provide execution context—CEO emphasized a “reinvention” and disciplined execution; slides and call color will determine credibility of margin improvement and comp trends. Review the call transcript and slide deck for specifics on store growth, customer mix and gross margin plans. National Vision Holdings, Inc. (EYE) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Profitability and liquidity caveats—despite the EPS beat, the company reported a slight negative net margin and modest liquidity ratios (low quick/current ratios), which could concern investors if margins don’t improve or if cash flow weakens. Monitor free cash flow and working capital in coming quarters. National Vision quarterly earnings data and materials

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Guggenheim upgraded National Vision to a “strong-buy” rating in a research note on Wednesday, December 10th. Wall Street Zen lowered shares of National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. National Bank Financial set a $32.00 price target on shares of National Vision in a report on Tuesday, December 9th. Zacks Research raised shares of National Vision from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Wolfe Research set a $35.00 price objective on National Vision in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.62.

Hedge Funds Weigh In On National Vision

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of National Vision by 1,242.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,532,200 shares of the company’s stock worth $132,295,000 after purchasing an additional 4,194,614 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of National Vision by 2,030.3% in the second quarter. American Century Companies Inc. now owns 3,495,751 shares of the company’s stock worth $80,437,000 after acquiring an additional 3,331,657 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of National Vision by 36.0% in the third quarter. William Blair Investment Management LLC now owns 4,840,473 shares of the company’s stock valued at $141,293,000 after acquiring an additional 1,280,783 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of National Vision by 127.9% during the second quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock valued at $45,234,000 after acquiring an additional 1,103,213 shares during the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of National Vision during the second quarter valued at $25,070,000.

National Vision Trading Up 9.0%

The business has a 50-day moving average of $27.20 and a 200 day moving average of $26.54. The stock has a market cap of $2.30 billion, a PE ratio of -967.68, a PEG ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53.

About National Vision

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.