National Vision (NASDAQ:EYE) Issues Earnings Results, Beats Expectations By $0.10 EPS

National Vision (NASDAQ:EYE) posted its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.10, FiscalAI reports. The company had revenue of $503.41 million for the quarter, compared to analyst estimates of $495.26 million. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. National Vision updated its FY 2026 guidance to 0.850-1.090 EPS.

Here are the key takeaways from National Vision’s conference call:

• National Vision reported a strong FY25 performance with net revenue of $1.99B (+9%), adjusted comp store sales +6%, adjusted operating income $102.5M (+56%) and adjusted EPS $0.80.
• Management is executing a deliberate transformation toward higher‑value customers and products — managed care now represents ~42% of revenue, the share of frames priced over $99 rose to ~40% (from 20%), and smart glasses (Ray‑Ban Meta) are being rolled out to all stores by end of Q2.
• FY26 guidance assumes continued momentum with net revenue $2.03B–$2.09B, comps of 3%–6%, adjusted operating income of $107M–$133M and expected operating margin expansion (~100bps), supported by cost savings and a new $50M share repurchase authorization.
• Traffic dynamics are a near‑term risk as overall customer visits declined (FY25 traffic down ~0.5%, Q4 traffic down 2.5%) driven by attrition of lower‑value self‑pay customers while management rebalances acquisition toward managed care, and seasonality/weather (the 53rd week shift) affected Q4 comps.

National Vision Stock Performance

Shares of NASDAQ EYE traded up $1.45 during trading on Wednesday, reaching $28.08. 619,233 shares of the company traded hands, compared to its average volume of 1,154,776. The stock has a market cap of $2.23 billion, a P/E ratio of -935.69, a PEG ratio of 1.53 and a beta of 1.38. The firm’s fifty day simple moving average is $27.19 and its 200 day simple moving average is $26.52. The company has a current ratio of 0.53, a quick ratio of 0.32 and a debt-to-equity ratio of 0.28. National Vision has a 12-month low of $10.45 and a 12-month high of $30.02.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Barclays upped their price target on National Vision from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research report on Thursday, January 22nd. Citigroup lifted their target price on shares of National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Wall Street Zen lowered shares of National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley lifted their price objective on shares of National Vision from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, National Vision presently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in National Vision by 1,242.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,532,200 shares of the company’s stock worth $132,295,000 after purchasing an additional 4,194,614 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of National Vision by 127.9% in the 2nd quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock valued at $45,234,000 after purchasing an additional 1,103,213 shares during the period. Alliancebernstein L.P. boosted its holdings in National Vision by 1,252.0% during the third quarter. Alliancebernstein L.P. now owns 1,149,680 shares of the company’s stock worth $33,559,000 after buying an additional 1,064,645 shares in the last quarter. Glenview Capital Management LLC acquired a new stake in National Vision during the second quarter valued at $18,696,000. Finally, Millennium Management LLC acquired a new stake in National Vision during the fourth quarter valued at $16,109,000.

About National Vision

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.