Five Below Inc reports results for the quarter ended in July 31 - Earnings Summary

Five Below

28/08/2024 22:01

* Five Below Inc  FIVE.OQ  reported quarterly adjusted
earnings of
54 cents​​ per share for the quarter ended July 31, lower than
the same quarter last year, when the company reported EPS of 84
cents.  The mean expectation of twenty two analysts for the
quarter was for earnings of 54 cents per share. Wall Street
expected results to range from 52 cents to 56 cents per share.
    * Revenue rose 9.4% to $830.07 million from a year ago;
analysts
expected $822.21 million. 
    * Five Below Inc's reported EPS for the quarter was 60
cents​.
    * The company reported quarterly net income of $33 million.
    * Five Below Inc shares had fallen by 24.3% this quarter and
lost 61.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 15
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the department
stores
peer group is also "hold"

Wall Street's median 12-month price target for Five Below Inc is
$104.50 
This summary was machine generated from LSEG data August 28 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2024      0.54           0.54           Met
 Apr. 30 2024      0.63           0.60           Missed
 Jan. 31 2024      3.78           3.65           Missed
 Oct. 31 2023      0.24           0.26           Beat