Trading around FIVE's upcoming earnings report? Here's a quick look at what's happening:

Five Below Inc (FIVE) is ready to report earnings on August 31. Here's a few things you should know about before they make the announcement.

Analysts are estimating Five Below Inc will report an EPS (earnings per share) of 
$0.79 on revenue of $682.25M on Wednesday. Over the last 90 days, analysts have lowered estimates 15 times.

Five Below Inc bulls will obviously be hoping that the earnings report beats the analysts' estimates. But they'll also want to hear that the earnings beat was on higher than expected revenues. Finally, they'll want the company to paint a picture that leads analysts to conclude this is just the start of an exciting growth story.

If you're a bear you'll primarily care about two things. The first is that the reported EPS underperformed analysts estimates. The stock should move on just that news alone. The second is that the report paints a pretty depressing picture of how the company will decelerate or even see a decline in revenues over the following quarters. EPS underperformance, and a negative growth story, those are the things to watch.

If you haven't traded too many earnings reports, it's important to be aware that a stock's price movement can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report. As you see more of these reports, your ability to recognize changes in investor sentiment will improve.

As of August 23 shares of FIVE are trading at $129.52. Over the last 52-week period, the price is down -45.55%. A larger move here can mean investors will have a stronger bullish or bearish outlook on the stock.