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

Warby Parker (NYSE:WRBY) 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. Warby Parker had a negative net margin of 4.39% and a negative return on equity of 8.26%. Warby Parker updated its FY 2025 guidance to EPS.

Warby Parker Price Performance

NYSE WRBY traded up $1.14 on Thursday, reaching $24.90. The company had a trading volume of 2,760,565 shares, compared to its average volume of 1,539,845. The firm has a 50-day moving average of $25.61 and a 200-day moving average of $20.52. Warby Parker has a 1 year low of $11.35 and a 1 year high of $28.68. The firm has a market capitalization of $2.53 billion, a PE ratio of -92.02 and a beta of 1.90.

Insider Activity

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

Wall Street Analysts Forecast Growth

WRBY has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JMP Securities lifted their target price on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Stifel Nicolaus increased their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price objective on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, Roth Capital upgraded Warby Parker to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.21.

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.