Financial News
1-800-FLOWERS (FLWS) Q3 Earnings Report Preview: What To Look For
E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) will be reporting earnings tomorrow before market open. Here’s what you need to know.
1-800-FLOWERS missed analysts’ revenue expectations by 3.6% last quarter, reporting revenues of $360.9 million, down 9.5% year on year. It was a disappointing quarter for the company, with a miss of analysts’ EBITDA and earnings 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 8.5% year on year to $246.1 million, improving from the 11.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.54 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 1-800-FLOWERS has missed Wall Street’s revenue estimates five times over the last two years.
Looking at 1-800-FLOWERS’s peers in the specialized consumer services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ADT delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 1.7%, and Pool reported a revenue decline of 2.8%, topping estimates by 2.1%. ADT traded up 13.8% following the results while Pool was also up 4.3%.
Read our full analysis of ADT’s results here and Pool’s results here.
Investors in the specialized consumer services segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. 1-800-FLOWERS is up 7.9% during the same time and is heading into earnings with an average analyst price target of $10.75 (compared to the current share price of $8.29).
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