Warby Parker (NYSE:WRBY) Shares Break Above 200-Day Moving Average After Earnings Miss

Key Points

• Warby Parker shares rose above their 200-day moving average, reaching $27.44 intraday and last trading at about $26.11 after its quarterly results.
• Revenue increased 10.4% year over year to $244.74 million, roughly matching estimates, but reported EPS of $0.04 fell short of the $0.09 consensus. Other coverage cited a different EPS figure, making the earnings comparison less clear.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $30.00.

Shares of Warby Parker Inc. (NYSE:WRBY - Get Free Report) passed above its two hundred day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a two hundred day moving average of $25.12 and traded as high as $27.44. Warby Parker shares last traded at $26.1060, with a volume of 11,259,285 shares.

The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.05). Warby Parker had a return on equity of 3.36% and a net margin of 0.85%. The company had revenue of $244.74 million during the quarter, compared to the consensus estimate of $244.92 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company's revenue was up 10.4% on a year-over-year basis.

Trending Headlines about Warby Parker

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Revenue increased 10.4% year over year to $244.7 million, roughly in line with estimates. Active customers grew 3% to 2.74 million, while average revenue per customer rose 6.7% to $342. Gross margin also improved to 54.4%. These metrics point to ongoing growth and higher customer spending. Warby Parker Announces Third Quarter 2026 Results
• Neutral Sentiment: Coverage gave mixed comparisons for earnings: Zacks reported $0.11 per share, above its $0.09 consensus, while other reports cited $0.04 per share. The differing figures may reflect different earnings measures or estimates, making the headline beat-or-miss picture less clear. Zacks Q3 Earnings and Revenues
• Negative Sentiment: Using the $0.04 EPS figure, Warby Parker missed the cited $0.09 analyst consensus, while revenue was essentially in line with expectations. That earnings shortfall is a counterpoint to the positive growth and margin trends. MarketBeat Q3 Results

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group lifted their target price on Warby Parker from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Citizens Jmp decreased their price target on Warby Parker from $30.00 to $29.00 and set a "market outperform" rating on the stock in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on Warby Parker in a research report on Thursday, September 17th. TD Cowen initiated coverage on Warby Parker in a report on Friday, October 30th. They set a "strong-buy" rating for the company. Finally, Citigroup restated a "market outperform" rating on shares of Warby Parker in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Blumenthal sold 100,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.69, for a total transaction of $2,769,000.00. Following the completion of the sale, the chief executive officer owned 36,020 shares in the company, valued at approximately $997,393.80. The trade was a 73.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Warby Parker

Institutional investors have recently made changes to their positions in the stock. Ranger Investment Management L.P. acquired a new stake in Warby Parker in the second quarter worth $30,949,000. Bank of America Corp DE boosted its position in shares of Warby Parker by 30.9% during the first quarter. Bank of America Corp DE now owns 1,377,646 shares of the company's stock worth $29,027,000 after purchasing an additional 325,250 shares in the last quarter. Atreides Management LP grew its holdings in shares of Warby Parker by 74.8% in the 1st quarter. Atreides Management LP now owns 686,995 shares of the company's stock valued at $14,475,000 after buying an additional 293,910 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Warby Parker by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,722,577 shares of the company's stock valued at $36,291,000 after buying an additional 166,235 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of Warby Parker in the 3rd quarter valued at $2,834,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Performance

The stock's 50-day moving average is $24.91 and its 200 day moving average is $25.12. The firm has a market cap of $2.83 billion, a P/E ratio of 372.94, a PEG ratio of 6.97 and a beta of 1.95.

About Warby Parker

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.

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