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National Vision Holdings Inc Up 10.12% To $21.98 After Earnings Beat

Tuesday, February 27, 2024 09:49 AM | InvestorsObserver Analysts

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National Vision Holdings Inc Up 10.12% To $21.98 After Earnings Beat

National Vision Holdings Inc (EYE) said before open Tuesday that it lost $0.02 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $506.4 million, beating estimates by $6.6 million.

In the same quarter a year ago, the company lost $0.08 per share on revenue of $468.9 million.

The stock is up 10.12% to $21.98 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned National Vision Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 19. Meanwhile, the average Wall Street analyst rated the stock a Buy.

National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The operating segments of the company are Owned and Host segment, and the Legacy segment. It derives a majority of the revenue from the Owned and Host segment which includes its two owned brands, America's Best and Eyeglass World, and its Vista Optical locations in Fred Meyer stores. In Owned and Host segment, the company also offers low-cost vision care products and services to American military service members by operating Vista Optical locations on military bases across the country. The Legacy segment of the entity consists of the strategic relationship with Walmart to operate Vision Centers in select Walmart stores.

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