Warby Parker Inc reports results for the quarter ended June 30 - Earnings Summary

• Warby Parker Inc WRBY.N reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 4 cents to 10 cents per share.

• Revenue rose 13.9% to $214.48 million from a year ago; analysts expected $213.14 million.

• Warby Parker Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $1.75 million.

• Warby Parker Inc shares had risen by 10.8% this quarter and gained 0.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "buy"

• Wall Street's median 12-month price target for Warby Parker Inc is $24.00, about 1.3% below its last closing price of $24.30

This summary was machine generated from LSEG data August 7 at 04:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)