National Vision (NASDAQ:EYE – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.500-0.650 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. National Vision also updated its FY24 guidance to $0.50-0.65 EPS.
Analyst Ratings Changes
Separately, The Goldman Sachs Group boosted their price target on shares of National Vision from $18.00 to $20.00 and gave the company a neutral rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, National Vision currently has a consensus rating of Hold and an average target price of $22.17.
Check Out Our Latest Analysis on EYE
National Vision Price Performance
National Vision (NASDAQ:EYE – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. The company had revenue of $506.40 million for the quarter, compared to analyst estimates of $499.49 million. National Vision had a negative net margin of 3.10% and a positive return on equity of 3.69%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. Sell-side analysts forecast that National Vision will post 0.31 earnings per share for the current fiscal year.
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.
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