E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ: FLWS) will be reporting results tomorrow before market open. Here’s what to look for.
1-800-FLOWERS missed analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $242.1 million, down 10% year on year. It was a mixed quarter for the company, with full-year EBITDA guidance topping analysts’ expectations.
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 2.4% year on year to $802.5 million, improving from the 8.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.19 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. 1-800-FLOWERS has missed Wall Street’s revenue estimates six times over the last two years.
Looking at 1-800-FLOWERS’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nike’s revenues decreased 7.7% year on year, beating analysts’ expectations by 1.8%, and VF Corp reported revenues up 1.9%, topping estimates by 2.8%. Nike’s stock price was unchanged following the results.
Read our full analysis of Nike’s results here and VF Corp’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 5.1% on average over the last month. 1-800-FLOWERS is up 11.4% during the same time and is heading into earnings with an average analyst price target of $10.88 (compared to the current share price of $9.10).
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