National Vision (NASDAQ:EYE) Posts Earnings Results, Beats Estimates By $0.13 EPS

National Vision (NASDAQ:EYE) posted its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13, FiscalAI reports. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm had revenue of $510.53 million during the quarter, compared to the consensus estimate of $512.53 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. National Vision updated its FY 2026 guidance to 0.950-1.030 EPS.

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

• Third-quarter profitability improved sharply: adjusted operating margin expanded 320 basis points to 7.3%, and adjusted EPS more than doubled to $0.30. Excluding a one-time $4.7 million tariff-refund benefit, margin expansion was 230 basis points.
• Revenue rose 4.8% to $511 million and comparable sales increased 2.8%, but traffic fell 5.6%. Management said the decline was concentrated in lower-value transactions, which it attributes to longer purchase cycles among cash-pay customers amid consumer pressure.
• Average ticket grew 8.9%, primarily from improved customer mix and product attachment rather than like-for-like pricing; managed-care sales grew at a high-single-digit rate, with positive traffic. Management said higher-value transactions are supporting profitability, though weakness among lower-value customers is weighing on overall traffic.
• For 2026, National Vision forecast revenue of $2.02–$2.04 billion and comparable-sales growth of about 2%–3%, while maintaining adjusted EPS guidance of $0.95–$1.03. The outlook reflects continued traffic pressure and a more cautious Q4, alongside planned marketing and technology investment.
• The company plans to accelerate store openings to approximately 50–55 in 2027, a year earlier than previously planned, citing stronger unit economics and progress on its commercial transformation. The board also authorized a new $100 million share-repurchase program.

National Vision Stock Performance

Shares of EYE traded up $0.36 during mid-day trading on Thursday, hitting $18.45. 4,440,264 shares of the company’s stock were exchanged, compared to its average volume of 1,901,927. The business’s 50 day moving average is $17.07 and its two-hundred day moving average is $21.01. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.46 billion, a P/E ratio of 30.25, a P/E/G ratio of 1.50 and a beta of 0.96. National Vision has a fifty-two week low of $14.75 and a fifty-two week high of $30.02.

Trending Headlines about National Vision

These are some of the EYE headlines that stood out recently:

• Positive Sentiment: Third-quarter EPS was $0.30, up from $0.13 a year earlier and above analysts’ consensus of $0.17. Profit growth and margin expansion point to improved profitability. National Vision Q3 profit and outlook
• Positive Sentiment: Its fiscal 2026 EPS guidance is $0.95–$1.03, slightly above the $0.94 consensus estimate, offering some support despite the softer sales outlook. National Vision Q3 profit and FY26 outlook
• Negative Sentiment: Revenue was $510.5 million, below the roughly $512.5 million analyst estimate, although it increased 4.8% year over year. National Vision earnings beat offset by revenue miss and weak outlook

Analysts Set New Price Targets

Several brokerages have recently issued reports on EYE. Guggenheim set a $27.00 price objective on National Vision in a research note on Friday, September 11th. Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Morgan Stanley cut their price target on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. UBS Group reduced their price target on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Roth Capital reiterated a “buy” rating and issued a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.82.

About National Vision

National Vision Holdings, Inc. is a U.S. optical retailer that provides eye care services and sells eyewear. Its offerings include eye exams, prescription eyeglasses, contact lenses, sunglasses and related accessories. The company operates stores under brands including America’s Best Contacts & Eyeglasses and Eyeglass World. It also operates Vista Optical locations, including stores in select host locations. Founded in 1990, National Vision serves customers across the United States through its retail locations and online channels.