Optical retailer National Vision (NYSE:EYE) will be reporting results tomorrow before market open. Here’s what to look for.
National Vision met analysts’ revenue expectations last quarter, reporting revenues of $451.7 million, up 4.6% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ earnings estimates but underwhelming earnings guidance for the full year.
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 2.8% year on year to $451.1 million, a reversal from the 12.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at National Vision’s peers in the consumer retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 1.6%, meeting analysts’ expectations, and Sprouts reported revenues up 13.6%, topping estimates by 3.7%. Tractor Supply’s stock price was unchanged after the results, and Sprouts’s price followed a similar reaction.
Read our full analysis of Tractor Supply’s results here and Sprouts’s results here.
Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. National Vision is up 12.4% during the same time and is heading into earnings with an average analyst price target of $13.70 (compared to the current share price of $11.60).
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