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Optical retailer National Vision (NYSE:EYE) will be reporting earnings tomorrow before market open. Here’s what you need to know.
National Vision beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $437.3 million, up 3.9% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is National Vision a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting National Vision’s revenue to grow 4.1% year on year to $502.6 million, in line with the 3.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.31 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. National Vision has missed Wall Street’s revenue estimates six times over the last two years.
Looking at National Vision’s peers in the consumer retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 2.1%, missing analysts’ expectations by 1.9%, and Walgreens reported revenues up 4.1%, topping estimates by 2.2%. Tractor Supply traded down 1.5% following the results while Walgreens’s stock price was unchanged.
Read our full analysis of Tractor Supply’s results here and Walgreens’s results here.
There has been positive sentiment among investors in the consumer retail segment, with share prices up 7.1% on average over the last month. National Vision is up 16.7% during the same time and is heading into earnings with an average analyst price target of $14.35 (compared to the current share price of $13.25).
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