Warby Parker Inc reports results for the quarter ended in June - Earnings Summary

Warby Parker

08/08/2024 14:32

* Warby Parker Inc  WRBY.N  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 4 cents to 6 cents per share.
    * Revenue rose 13.3% to $188.22 million from a year ago;
analysts
expected $187.04 million. 
    * Warby Parker Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $6.76 million.
    * Warby Parker Inc shares had fallen by 12.5% this
quarter and
lost 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Warby Parker Inc
is $17.00 
This summary was machine generated from LSEG data August 8 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.05           0.08           Beat
 Mar. 31 2024      0.07           0.11           Beat
 Dec. 31 2023      0.01           -0.01          Missed
 Sep. 30 2023      0.01           0.01           Met