National Vision (NASDAQ:EYE) Issues Quarterly Earnings Results

National Vision (NASDAQ:EYE) issued its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09, FiscalAI reports. The firm had revenue of $503.41 million during the quarter, compared to analyst estimates of $495.26 million. National Vision had a net margin of 1.49% and a return on equity of 5.15%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business 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 Price Performance

Shares of NASDAQ:EYE opened at $27.90 on Friday. The company has a 50 day moving average of $27.22 and a 200 day moving average of $26.61. The stock has a market cap of $2.22 billion, a P/E ratio of 75.41, a P/E/G ratio of 1.59 and a beta of 1.38. National Vision has a 12 month low of $10.45 and a 12 month high of $30.02. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

EYE has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of National Vision from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday. Guggenheim lifted their price objective on shares of National Vision from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and set a $40.00 target price on shares of National Vision in a report on Thursday. Wolfe Research set a $35.00 target price on National Vision in a research report on Wednesday. Finally, Wall Street Zen lowered National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.21.

Institutional Trading of National Vision

Several institutional investors and hedge funds have recently bought and sold shares of EYE. Entropy Technologies LP raised its holdings in shares of National Vision by 55.4% in the 4th quarter. Entropy Technologies LP now owns 11,359 shares of the company’s stock valued at $293,000 after acquiring an additional 4,048 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its position in shares of National Vision by 10.4% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 10,377 shares of the company’s stock valued at $269,000 after acquiring an additional 977 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of National Vision during the third quarter worth about $243,000. PharVision Advisers LLC purchased a new position in shares of National Vision during the third quarter worth about $299,000. Finally, Mariner LLC bought a new position in shares of National Vision in the third quarter worth approximately $281,000.

Key Headlines Impacting National Vision

Here are the key news stories impacting National Vision this week:

• Positive Sentiment: Q4 results beat consensus — revenue, EPS and margins came in ahead of expectations, with comparable-store traffic and ticket growth cited as drivers; that beat helped spark an initial rally in the stock. EYE Stock Up Following Q4 Earnings & Revenue Beat, Margins Rise
• Positive Sentiment: Analysts are upgrading price targets after the print — Citi raised its target to $40 (buy), UBS to $42 (buy), and Guggenheim to $33 (buy), reflecting confidence that the turnaround plan and margin recovery have traction. Citigroup PT Raised UBS PT Raised Guggenheim PT Raised
• Positive Sentiment: Coverage pieces and commentary note that the company is making progress on its turnaround plan, which supports a constructive medium-term thesis for investors focused on margin recovery and same-store trends. National Vision Holdings Is Still Making Progress On Its Turnaround Plan
• Neutral Sentiment: Wells Fargo raised its target to $30 but kept an equal-weight rating, signaling cautious optimism — a modest positive but not a full endorsement. Wells Fargo PT/Rating Note
• Neutral Sentiment: Sector comparisons and the full earnings call transcript provide context but add little new directional information; useful for due diligence but unlikely to move the stock alone. Are Consumer Staples Stocks Lagging National Vision (EYE) This Year? Q4 2025 Earnings Call Transcript
• Negative Sentiment: Management set FY2026 EPS guidance that some outlets characterized as soft relative to investor expectations; that tempered gains after the initial rally and was cited as a reason for shares to pare some upside. National Vision beats estimates, but shares edge down on soft guidance
• Negative Sentiment: Brief market write-ups and snapshots flagged mixed signals from the release (beat vs. cautious outlook), contributing to intraday volatility. Q4 Earnings Snapshot

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.