National Vision Holdings Inc Up 9.56% To $18.45 After Earnings Beat

Thursday, November 9, 2023 - National Vision Holdings Inc (EYE) reported upside earnings and revenues today.

The consensus among analysts for National Vision Holdings Inc was for an earnings per share (EPS) of $0.09. The firm was able to surpass those projections, reporting an EPS of $0.15, a positive surprise of $0.06 (67%). Profits fell 0% year-over-year after reporting an EPS of $0.15 in its year-ago quarter. The neutral growth rate signals that the Consumer Cyclical company is performing neutrally amid recent economic conditions.

Revenues were upbeat at $532.4 million. That is an increase of 6.64% in revenues from the year-ago report and is 1.18% higher than consensus estimates set at $526.2 million.

The stock is up 9.56% to $18.45 after the report.



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 Bullish Sentiment Rank from InvestorsObserver.

National Vision Holdings Inc has performed a little below average during the past few months. Before the report, National Vision Holdings Inc received a Long-Term Technical Rank by InvestorsObserver of 40, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $13.71 on October 13, 2023 and set a 52-week high on February 2, 2023 at $43.82.

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.