Warby Parker (NYSE:WRBY) Announces Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Warby Parker (NYSE:WRBY) issued its earnings results on Thursday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 Stock Up 4.8 %

Shares of Warby Parker stock traded up $1.14 on Thursday, hitting $24.90. 2,760,565 shares of the company traded hands, compared to its average volume of 1,539,845. The company has a 50-day moving average price of $25.61 and a 200 day moving average price of $20.52. The company has a market cap of $2.53 billion, a PE ratio of -92.02 and a beta of 1.90. Warby Parker has a 12-month low of $11.35 and a 12-month high of $28.68.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WRBY shares. JMP Securities boosted their price objective on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Telsey Advisory Group restated an “outperform” rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday. Roth Mkm initiated coverage on shares of Warby Parker in a research note on Tuesday. They set a “neutral” rating and a $26.00 target price for the company. BTIG Research raised their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI reiterated an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.21.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $336,206.97. This trade represents a 80.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the completion of the transaction, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. This trade represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 608,032 shares of company stock worth $15,188,364. 26.55% of the stock is owned by 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.