In its upcoming report, Five Below (FIVE) is predicted by Wall Street analysts to post quarterly earnings of $1.67 per share, reflecting an increase of 94.2% compared to the same period last year. Revenues are forecasted to be $1.2 billion, representing a year-over-year increase of 24.2%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Five Below metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Comparable Sales' should come in at 14.8%. Compared to the current estimate, the company reported 7.1% in the same quarter of the previous year.
The consensus estimate for 'Total stores at end of period' stands at 1,965 . The estimate is in contrast to the year-ago figure of 1,826 .
The combined assessment of analysts suggests that 'New Store Openings' will likely reach 44 . The estimate compares to the year-ago value of 55 .
View all Key Company Metrics for Five Below here>>>Five Below shares have witnessed a change of -4.6% in the past month, in contrast to the Zacks S&P 500 composite's +6% move. With a Zacks Rank #2 (Buy), FIVE is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Five Below, Inc. (FIVE): Free Stock Analysis Report
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