Why Five Below Stock Is Down After Q4 Results
Portfolio Pulse from Erica Kollmann
Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company forecasts Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Several analysts lowered their price targets on FIVE following the results. The company's stock is down 15.6% at $176.47. Over the past 5 years, FIVE's revenue grew at an 18.78% annual rate, with an average 1-year price target of $222.54, indicating a 24.5% upside in 2025.
March 21, 2024 | 6:38 pm
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Five Below reported increased Q4 earnings and revenue, provided Q1 guidance, and saw several analysts lower their price targets. The stock is currently down 15.6%.
The immediate negative reaction in FIVE's stock price, dropping 15.6%, is likely due to the mixed Q4 results and the lowered price targets by several analysts. Despite the growth in earnings and revenue, the market's reaction and analysts' adjustments suggest concerns about future performance, impacting investor sentiment in the short term.
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