What to Expect From Five Below Earnings

Retail

Published: June 3, 2015 1:35 pm

Last Updated: March 13, 2020 10:08 pm

Five Below Inc. (NASDAQ: FIVE) is scheduled to report its most recent financial results Wednesday after the markets close. Thomson Reuters has consensus estimates of $0.07 in earnings per share (EPS) and $151.32 million in revenue. In the same period of the previous year, the retailer posted EPS of $0.07 on $126.00 million in revenue.

Executives of Five Below have stated before that the company expects that it will have an exciting 2015. It plans to open 70 new stores and generate a same-store sales increase of roughly 3%, while simultaneously making long-term investments in people, systems and infrastructure to support future growth.

Within the past week, the company announced the grand opening a new distribution center in Oldmans Township, N.J. The 1,045,000 square-foot facility is located in Pedricktown and will replace Five Below’s existing 421,000 square foot facility located 12 miles away in New Castle, Del.

Looking at the chart, another inflection point could be on the horizon for this stock, technically speaking. Shares have been testing the 50-day moving average (MA) since the beginning of May, and currently the share price is almost equal to the MA. Shares originally crossed over the 50-day MA back in March. The 200-day MA has been remained relatively flat, if not decreasing, over the past 6 months and is currently acting as an overhang at $37.17.

For the most recent settlement, date Five Below saw its short interest drop slightly to 11.0 million from the previous level of 11.3 million.

Ahead of earnings a few analysts weighed in on Five Below:

Janney Capital Markets reiterated a Buy rating with a $40 price target.
FBR initiated coverage with a Market Perform rating and a $36 price target.
Credit Suisse has an Outperform rating for Five Below, but the firm lowered its price target to $38 from $45.

On Wednesday afternoon, shares of Five Below were up 1.6% at $34.81. The stock has a consensus analyst price target of $40.13 and a 52-week trading range of $28.51 to $47.89.

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