E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ: FLWS) will be announcing earnings results this Thursday before market hours. Here’s what you need to know.
1-800-FLOWERS missed analysts’ revenue expectations by 9% last quarter, reporting revenues of $331.5 million, down 12.6% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates 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 8.6% year on year to $330 million, in line with the 9.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.51 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 Q2 results, giving us a hint as to what we can expect. Matthews’s revenues decreased 18.3% year on year, beating analysts’ expectations by 8.5%, and WeightWatchers reported a revenue decline of 6.4%, topping estimates by 6.2%. Matthews traded up 4.2% following the results while WeightWatchers was down 13.2%.
Read our full analysis of Matthews’s results here and WeightWatchers’s results here.
There has been positive sentiment among investors in the specialized consumer services segment, with share prices up 10.2% on average over the last month. 1-800-FLOWERS is up 2.3% during the same time and is heading into earnings with an average analyst price target of $9 (compared to the current share price of $5.75).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
