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Warby Parker (WRBY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended March 2024, Warby Parker Inc. (WRBY - Free Report) reported revenue of $200 million, up 16.3% over the same period last year. EPS came in at $0.08, compared to $0.06 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $196.25 million, representing a surprise of +1.91%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.07.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Warby Parker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Active Customers: 2.36 million versus the three-analyst average estimate of 2.38 million.
  • Average Revenue per Customer: $296 versus $278.67 estimated by three analysts on average.
  • Store Count at the end of the period: 245 versus the three-analyst average estimate of 258.
View all Key Company Metrics for Warby Parker here>>>

Shares of Warby Parker have returned -7.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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