National Vision (EYE) To Report Earnings Tomorrow: Here Is What To Expect

Optical retailer National Vision (NYSE:EYE) will be reporting earnings tomorrow before the bell. Here's what you need to know.

National Vision beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $506.4 million, up 8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' earnings estimates and optimistic earnings guidance for the full year.

Is National Vision a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting National Vision's revenue to decline 1.7% year on year to $552.7 million, a reversal from the 6.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.26 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. National Vision has missed Wall Street's revenue estimates four times over the last two years.

Looking at National Vision's peers in the consumer retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 2.9%, meeting analysts' expectations, and Sleep Number reported a revenue decline of 10.7%, in line with consensus estimates. Tractor Supply traded up 6.1% following the results while Sleep Number was also up 4.8%.

Read our full analysis of Tractor Supply's results here and Sleep Number's results here.

Investors in the consumer retail segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. National Vision is down 8.2% during the same time and is heading into earnings with an average analyst price target of $23.8 (compared to the current share price of $18.55).

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