Five Below Sees Q2 EPS $0.57-$0.69 Vs $0.99 Est.; Revenue $830M-$850M Vs $882.83M Est.; FY EPS $5.00-$5.40 Vs $6.00 Est.; Revenue $3.79B-$3.87B Vs $4.03B Est.
Portfolio Pulse from Benzinga Newsdesk
Five Below has provided its financial outlook for Q2 and FY 2024, with EPS and revenue estimates falling short of analyst expectations. The company expects Q2 EPS to be between $0.57 and $0.69, and FY EPS to be between $4.97 and $5.37. Revenue for Q2 is projected to be between $830 million and $850 million, and for the full year, between $3.79 billion and $3.87 billion.
June 05, 2024 | 8:04 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Five Below's Q2 and FY 2024 financial outlook falls short of analyst expectations, with both EPS and revenue estimates lower than anticipated. This could lead to a negative short-term impact on the stock price.
The company's guidance for both Q2 and FY 2024 shows lower-than-expected EPS and revenue, which is likely to disappoint investors and analysts. This could result in a short-term decline in the stock price as the market reacts to the lower guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100