Warby Parker (WRBY) to Release Earnings on Thursday

Warby Parker (NYSE:WRBY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $225.46 million for the quarter.

Warby Parker Stock Up 2.5 %

WRBY stock traded up $0.42 during trading on Friday, hitting $16.90. The company had a trading volume of 2,875,363 shares, compared to its average volume of 1,777,744. Warby Parker has a 52-week low of $12.26 and a 52-week high of $28.68. The company has a 50 day simple moving average of $18.07 and a 200-day simple moving average of $21.52. The firm has a market capitalization of $1.75 billion, a P/E ratio of -62.59 and a beta of 2.00.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the transaction, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the transaction, the chief executive officer now owns 23,961 shares in the company, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.55% of the company's stock.

Wall Street Analyst Weigh In

WRBY has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Warby Parker from $29.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a report on Monday, February 24th. Loop Capital upgraded Warby Parker from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research note on Thursday, April 17th. Roth Mkm began coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective for the company. Finally, Piper Sandler cut their target price on shares of Warby Parker from $30.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.64.

Warby Parker Company Profile

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.