These Analysts Cut Their Forecasts On Five Below After Weak Results
Portfolio Pulse from Avi Kapoor
Five Below, Inc. (NASDAQ:FIVE) reported disappointing first-quarter earnings and lowered its full-year guidance. The company missed both earnings and sales estimates, and comparable sales decreased by 2.3%. Analysts have subsequently cut their price targets for the stock.
June 06, 2024 | 1:29 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Five Below reported worse-than-expected Q1 earnings and sales, and lowered its full-year guidance. Analysts have cut their price targets, and the stock fell 3.7%.
The company missed both earnings and sales estimates, and lowered its full-year guidance, which is a negative signal for investors. Analysts have also cut their price targets, further indicating a bearish outlook. The stock's 3.7% decline reflects this sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100