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

Warby Parker

10/05/2024 16:29

* Warby Parker Inc  WRBY.N  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 6 cents to 8 cents per share.
    * Revenue rose 16.3% to $200.00 million from a year ago;
analysts
expected $196.34 million. 
    * Warby Parker Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $2.68 million.
    * Warby Parker Inc shares had risen by 7.9% this quarter and
gained 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $15.00 
This summary was machine generated from LSEG data May 10 at
03:28 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
 Mar. 31 2024      0.07           0.11           Beat
 Dec. 31 2023      0.01           -0.01          Missed
 Sep. 30 2023      0.01           0.01           Met
 Jun. 30 2023      0.02           0.04           Beat