Roth Capital Has Weak Forecast for Warby Parker Q1 Earnings

Key Points

• Roth Capital has reduced Warby Parker's Q1 2026 EPS estimate to $0.04 per share from a previous estimate of $0.06, maintaining a "Neutral" rating and a target price of $24.00.
• The stock has shown recent volatility, with a 52-week low of $12.46 and a high of $28.68, and an average target price of $23.31 from analysts.
• Insider trading activity has been notable, with CEO Neil Harris Blumenthal selling 49,600 shares, reflecting a decrease in insider ownership of the stock.

Warby Parker Inc. (NYSE:WRBY - Free Report) - Analysts at Roth Capital cut their Q1 2026 earnings per share estimates for Warby Parker in a note issued to investors on Tuesday, August 5th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.06. Roth Capital currently has a "Neutral" rating and a $24.00 price target on the stock. The consensus estimate for Warby Parker's current full-year earnings is ($0.12) per share. Roth Capital also issued estimates for Warby Parker's Q2 2026 earnings at $0.04 EPS and Q4 2026 earnings at $0.12 EPS.

Several other brokerages have also recently issued reports on WRBY. Citizens Jmp cut Warby Parker from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 10th. Cowen restated a "buy" rating on shares of Warby Parker in a research report on Friday. BTIG Research restated a "buy" rating and set a $28.00 price objective (up from $24.00) on shares of Warby Parker in a research report on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $28.00 price objective on shares of Warby Parker in a research report on Thursday. Finally, UBS Group restated a "neutral" rating and set a $23.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.06.

Warby Parker Stock Performance

Shares of WRBY stock traded down $0.11 during trading on Wednesday, hitting $23.37. The company had a trading volume of 2,626,000 shares, compared to its average volume of 1,752,055. The firm has a market capitalization of $2.44 billion, a P/E ratio of -333.81 and a beta of 2.09. The stock's 50-day moving average price is $22.64 and its 200 day moving average price is $21.05. Warby Parker has a one year low of $12.46 and a one year high of $29.73.

Insider Buying and Selling at Warby Parker

In related news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the sale, the director directly owned 53,869 shares in the company, valued at $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 49,600 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $24.21, for a total value of $1,200,816.00. Following the completion of the sale, the chief executive officer owned 28,347 shares of the company's stock, valued at $686,280.87. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,073 shares of company stock valued at $1,868,573 over the last quarter. Company insiders own 18.24% of the company's stock.

Institutional Trading of Warby Parker

A number of institutional investors and hedge funds have recently bought and sold shares of WRBY. Nuveen LLC acquired a new stake in Warby Parker in the first quarter valued at $30,549,000. Durable Capital Partners LP boosted its position in Warby Parker by 13.2% during the first quarter. Durable Capital Partners LP now owns 10,212,383 shares of the company's stock valued at $186,172,000 after acquiring an additional 1,194,558 shares during the last quarter. 12 West Capital Management LP bought a new stake in Warby Parker during the first quarter valued at $21,420,000. Vaughan Nelson Investment Management L.P. boosted its position in Warby Parker by 105.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,216,320 shares of the company's stock valued at $48,604,000 after acquiring an additional 1,137,970 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Warby Parker by 96.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company's stock valued at $34,433,000 after acquiring an additional 929,073 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

About Warby Parker

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.