Five Below Sees Q3 EPS $0.17-$0.25 Vs $0.4 Est.; Revenue $715M-$730M Vs $737.8M Est.
Portfolio Pulse from Happy Mohamed
Five Below has projected its Q3 earnings per share (EPS) to be between $0.17 and $0.25, which is lower than the estimated $0.4. The company also expects its revenue to be between $715M and $730M, falling short of the estimated $737.8M.
August 30, 2023 | 8:03 pm
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NEGATIVE IMPACT
Five Below's lower than expected Q3 EPS and revenue projections could negatively impact its stock price in the short term.
Five Below's projected Q3 EPS and revenue are both lower than estimates. This could lead to a negative market reaction, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100