FMP
Jun 6, 2024 5:15 PM - Davit Kirakosyan
Shares of Five Below (NASDAQ:FIVE) experienced a significant drop of more than 12% intra-day today after the discount retailer reported disappointing first-quarter results and revised its earnings forecast for fiscal 2024 downward.
For Q1, Five Below reported EPS of $0.60, which was below the analyst consensus of $0.63. The company's revenue for the quarter was $811.9 million, missing the projected $835.01 million. Comparable sales for the quarter fell by 2.3%, contrasting sharply with the anticipated increase of 1.42% expected by analysts.
Looking ahead to the second quarter of 2024, management projects EPS to be between $0.57 and $0.69, which is significantly lower than the Street estimate of $0.99. The company expects revenue to range from $830 million to $850 million, falling short of analyst expectations of $883 million.
For the full 2024-year, Five Below now forecasts EPS to be between $5.00 and $5.40, a reduction from the previous range of $5.71 to $6.22, and below the Street estimate of $6.00. The company anticipates annual revenue to be between $3.79 billion and $3.87 billion, down from the earlier forecast of $3.97 billion to $4.07 billion, with analysts expecting $4.03 billion.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...