National Vision shares fall sharply after Q1 results miss

National Vision Holdings

08/05/2024 17:58

** Shares in optical retail co National Vision  EYE.O  down ~15%
on Wednesday after it reported Q1 revenue that missed Wall
Street expectations while it reiterated its financial guidance
for FY 2024
    ** EYE on Wednesday reported rev of $542.5 mln vs Street
expectation for $553 mln, according to latest data from LSEG
    ** Diluted EPS of $0.15 was down from $0.22 in the year-ago
quarter, and below consensus view of $0.20
    ** After earlier falling more than 19% to hit $14.38, its
lowest point since October, EYE last traded at $15.24 vs
analysts' median PT of $22.50 - LSEG
    ** 4 of 11 brokerages rate EYE "strong buy" or "buy", 6 rate
"hold", while 1 has "sell" recommendation

 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com; +13322191897;))