Eyewear retailer Warby Parker (NYSE:WRBY) will be reporting earnings this Thursday morning. Here’s what to look for.
Warby Parker beat analysts’ revenue expectations last quarter, reporting revenues of $242.4 million, up 8.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ gross margin estimates.
Is Warby Parker a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Warby Parker’s revenue to grow 10.9% year on year, slowing from the 13.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Warby Parker has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Warby Parker’s peers in the specialty retail segment, only Sally Beauty has reported results so far. It met analysts’ revenue estimates and delivered flat year-on-year revenue. The stock traded up 10.7% on the results.
Read our full analysis of Sally Beauty’s earnings results here.There has been positive sentiment among investors in the specialty retail segment, with share prices up 5.3% on average over the last month. Warby Parker is up 1.5% during the same time and is heading into earnings with an average analyst price target of $30.15 (compared to the current share price of $29.65).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.