National Vision (NASDAQ:EYE) Issues FY24 Earnings Guidance

National Vision (NASDAQ:EYE) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.50-0.65 for the period, compared to the consensus estimate of $0.55. The company issued revenue guidance of $1.965-2.005 billion, compared to the consensus revenue estimate of $1.99 billion. National Vision also updated its FY 2024 guidance to 0.500-0.650 EPS.

National Vision Stock Down 16.5 %

Shares of NASDAQ:EYE traded down $2.95 during midday trading on Wednesday, hitting $14.92. The stock had a trading volume of 2,918,054 shares, compared to its average volume of 989,656. The company has a market cap of $1.17 billion, a P/E ratio of -17.59, a PEG ratio of 4.03 and a beta of 1.47. National Vision has a 12 month low of $13.71 and a 12 month high of $27.02. The business’s 50-day simple moving average is $20.74 and its 200-day simple moving average is $19.81. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

National Vision (NASDAQ:EYE) last issued its earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.07. The business had revenue of $506.40 million during the quarter, compared to the consensus estimate of $499.49 million. National Vision had a negative net margin of 3.10% and a positive return on equity of 3.69%. National Vision’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted ($0.11) EPS. On average, sell-side analysts forecast that National Vision will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their target price on National Vision from $18.00 to $20.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $22.17.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.