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

National Vision (NASDAQ:EYE) announced its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $503.41 million during the quarter, compared to analysts’ expectations of $495.26 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. National Vision’s quarterly revenue was up 15.1% on a year-over-year basis. 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

NASDAQ:EYE traded up $1.44 during trading hours on Wednesday, hitting $28.07. The company’s stock had a trading volume of 512,568 shares, compared to its average volume of 1,149,740. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32. The company has a market capitalization of $2.23 billion, a P/E ratio of -935.35, a PEG ratio of 1.53 and a beta of 1.38. National Vision has a twelve month low of $10.45 and a twelve month high of $30.02. The stock has a fifty day simple moving average of $27.19 and a 200-day simple moving average of $26.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EYE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of National Vision in a report on Thursday, January 22nd. Guggenheim upgraded National Vision to a “strong-buy” rating in a research note on Wednesday, December 10th. Morgan Stanley raised their price objective on National Vision from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. National Bank Financial set a $32.00 target price on National Vision in a research report on Tuesday, December 9th. Finally, UBS Group reduced their target price on National Vision from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Institutional Investors Weigh In On National Vision

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of National Vision during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in National Vision during the 4th quarter worth $47,000. Quarry LP increased its holdings in National Vision by 317.4% in the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in National Vision by 333.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock worth $90,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in National Vision in the third quarter valued at about $208,000.

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.