Optical retailer National Vision (NYSE:EYE) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.

National Vision met analysts’ revenue expectations last quarter, reporting revenues of $451.5 million, up 2.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS and EBITDA estimates.

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 grow 3.3% year on year to $434.8 million, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at National Vision’s peers in the consumer retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 3.1%, meeting analysts’ expectations, and Leslie's reported flat revenue, topping estimates by 0.8%. Tractor Supply traded down 4.6% following the results while Leslie's was also down 27.3%.

Read our full analysis of Tractor Supply’s results here and Leslie’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, have had a good 2024. An economic soft landing (so far), the start of the Fed's rate cutting campaign, and the election of Donald Trump were positives for the market, and while some of the consumer retail stocks have shown solid performance, the group has generally underperformed, with share prices down 8% on average over the last month. National Vision is up 3% during the same time and is heading into earnings with an average analyst price target of $13.50 (compared to the current share price of $11.57).

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