National Vision (NASDAQ:EYE) Posts Earnings Results, Beats Estimates By $0.10 EPS

National Vision (NASDAQ:EYE) posted its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.10, FiscalAI reports. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The business had revenue of $503.41 million during the quarter, compared to analyst estimates of $495.26 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. 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 Up 5.4%

Shares of EYE traded up $1.44 during midday trading on Wednesday, hitting $28.07. The stock had a trading volume of 512,568 shares, compared to its average volume of 1,149,740. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -935.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38. The company has a 50 day simple moving average of $27.19 and a two-hundred day simple moving average of $26.52. National Vision has a twelve month low of $10.45 and a twelve month high of $30.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32.

Hedge Funds Weigh In On National Vision

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of National Vision by 27.6% during the 4th quarter. Wellington Management Group LLP now owns 5,783,699 shares of the company’s stock worth $149,335,000 after buying an additional 1,251,499 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in National Vision by 15.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company’s stock worth $96,190,000 after acquiring an additional 437,655 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of National Vision by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,029,596 shares of the company’s stock worth $78,224,000 after acquiring an additional 156,859 shares during the period. Geode Capital Management LLC grew its position in shares of National Vision by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,990,329 shares of the company’s stock valued at $51,399,000 after purchasing an additional 55,824 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of National Vision by 127.9% during the second quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock worth $45,234,000 after purchasing an additional 1,103,213 shares during the period.

Analyst Ratings Changes

Several brokerages recently issued reports on EYE. Wall Street Zen lowered National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research report on Thursday, January 22nd. Morgan Stanley lifted their price target on National Vision from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Guggenheim raised National Vision to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, Zacks Research raised shares of National Vision from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

National Vision Company Profile

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.