Optical retailer National Vision (NYSE:EYE) will be reporting results tomorrow before the bell. Here's what to expect.
Last quarter National Vision reported revenues of $532.4 million, up 6.6% year on year, beating analyst revenue expectations by 1.1%. It was a strong quarter for the company, with an impressive beat of analysts' earnings estimates and optimistic earnings guidance for the full year.
Is National Vision buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting National Vision's revenue to grow 6.6% year on year to $499.7 million, improving on the 1.9% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at National Vision's peers in the consumer retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Leslie's's revenues decreased 10.8% year on year, beating analyst estimates by 2.6% and Tractor Supply (NASDAQ:TSCO) reported revenue decline of 8.6% year on year, missing analyst estimates by 0.5%. Leslie's traded down 3.1% on the results, and Tractor Supply was up 1%.
Read the full analysis of Leslie's's and Tractor Supply's results on StockStory.
There has been positive sentiment among investors in the consumer retail segment, with the stocks up on average 8% over the last month. National Vision is up 5.3% during the same time, and is heading into the earnings with analyst price target of $21.2, compared to share price of $20.6.
