TD Ameritrade's Chief Strategist Talks Five Below Ahead Of Earnings

is scheduled to report its first quarter results Wednesday after market close. The current Estimize consensus earnings per share estimate (based on 10 estimates) stands at $0.07 on revenue of $152.80 million. This compares to the Wall Street consensus estimate calling for an earnings per share of $0.07 on revenue of $151.42 million. The last time Five Below reported its earnings was on March 25. At the time, the company earned $0.61 per share, a penny better than expected. Sales of $263.8 million also exceed expectations of $262.22 million. Five Below guided its first quarter earnings per share to a range of $0.06 to $0.07 on revenue of $150 million to $152 million. Shares of Five Below surged more than 10 percent the morning after reporting its better than expected fourth quarter results. Speaking to Benzinga to discuss the options market ahead of Five Below's print,

Chief Strategist JJ Kinahan noted that "there isn't much to talk about" as only 500 options traded hands during Wednesday's session. The strategist said that the options market is expecting an 8 percent move. "There is just not a lot spectacular about Five Below," Kinahan concluded. Michael Lasser, an analyst at UBS,

that Five Below "navigated the challenging retail environment" during the first quarter. Lasser continued that

searches for Five Below gained 13 percent year-over-year. As such, the analyst suggested the company's own guidance is "sufficiently conservative" with just enough room to potentially deliver a "slight beat."