E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) will be announcing earnings results tomorrow after market close. Here’s what you need to know.
1-800-FLOWERS missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $775.5 million, down 5.7% year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.
Is 1-800-FLOWERS a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting 1-800-FLOWERS’s revenue to decline 4% year on year to $364.2 million, improving from the 9.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at 1-800-FLOWERS’s peers in the specialized consumer services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Frontdoor delivered year-on-year revenue growth of 12.7%, beating analysts’ expectations by 2.1%, and ADT reported revenues up 6.5%, topping estimates by 2%. Frontdoor traded up 25.3% following the results while ADT’s stock price was unchanged.
Read our full analysis of Frontdoor’s results here and ADT’s results here.
There has been positive sentiment among investors in the specialized consumer services segment, with share prices up 12.7% on average over the last month. 1-800-FLOWERS is up 14% during the same time and is heading into earnings with an average analyst price target of $10.50 (compared to the current share price of $5.77).
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