Why Five Below Shares Are Trading Lower Thursday
Portfolio Pulse from Dylan Berman
Five Below, Inc. (NASDAQ:FIVE) shares are trading lower after the company reported worse-than-expected first-quarter earnings and cut guidance for the second quarter and full fiscal year. The company missed analyst estimates on both EPS and revenue, and several analysts have lowered their price targets.
June 06, 2024 | 3:20 pm
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Five Below reported Q1 earnings that missed analyst estimates and lowered its guidance for the second quarter and full fiscal year. The company now expects lower EPS and revenue than previously anticipated. Several analysts have also lowered their price targets for the stock.
The company's worse-than-expected earnings and lowered guidance indicate potential challenges ahead, leading to a significant drop in stock price. Analyst downgrades further reinforce the negative sentiment.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100