Optical retailer National Vision (NYSE:EYE) will be reporting earnings tomorrow morning. Here's what you need to know.
Last quarter National Vision reported revenues of $525.3 million, up 3.1% year on year, missing analyst expectations by 0.2%. It was a weaker quarter for the company, with a miss of analysts' revenue estimate.
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 5.5% year on year to $526.7 million, improving on the 3.6% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 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 Q3 earnings results, giving us a hint of what we can expect. Tractor Supply (NASDAQ:TSCO) delivered top-line growth of 4.3% year on year, missing analyst estimates by 1.7% and Camping World reported revenue decline of 6.8% year on year, exceeding estimates by 1.7%. Tractor Supply traded down 6.1% on the results, Camping World was up 11.1%.
Read the full analysis of Tractor Supply's and Camping World's results on StockStory.
Investors in the consumer retail segment have had steady hands going into the earnings, with the stocks up on average 1.5% over the last month. National Vision is up 17.9% during the same time, and is heading into the earnings with analyst price target of $22, compared to share price of $17.32.
The author has no position in any of the stocks mentioned.
