Five Below, Inc. (NASDAQ:FIVE) specialty value retailer, is expected to report third quarter earnings results, after market close, on Wednesday 2nd December 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.20 per share.
Looking ahead, the full year income are expected at $ 1.88 per share on the revenues of $ 1871.30 million.
Previous Quarter Performance
Five Below, Inc. revealed income for the second quarter of $ 0.53 per share, from the revenue of $ 426.11 million. The quarterly earnings escalated 3.92 percent while revenues improved 2.09 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.14 per share from $ 405.83 million in revenue. The bottom line results beat street analysts by $ 0.39 or 278.57 percent, at the same time, top line results outshined analysts by $ 20.28 million or 5.00 percent.
Stock Performance
Shares of Five Below, Inc. traded up $ 5.72 or 3.66 percent on Tuesday, reaching $ 162.12 with volume of 1.37 million shares. Five Below, Inc. has traded high as $ 163.42 and has cracked $ 158.35 on the downward trend
According to the previous trading day, closing price of $ 162.12, representing a 229.06 % increase from the 52 week low of $ 47.53 and a 4.3 % decrease over the 52 week high of $ 163.42.
The company has a market capital of $ 9.05 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 5th November 2020, maintained by Morgan Stanley at Overweight rating, with $ 145.00 target price.
- On 5th November 2020, downgraded by Loop Capital to Hold from Buy rating.
Conference Call
Five Below, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd December 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 412-902-6753 Toll Free in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.fivebelow.com
Five Below, Inc. operates as a specialty value retailer in the United States. It offers accessories, including novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and T-shirts, as well as nail polishes, lip glosses, fragrances, and branded cosmetics; and items used to complete and personalize living space, including glitter lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and related items, as well as provides storage options for the customers room.
